Income Tax
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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Voters Want Ultra-Rich to Pay More Taxes to Save Social Security, Poll Shows
Voters in seven swing states support billionaires tax and trimming benefits for the wealthy more than raising payroll taxes.
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IRS Forms New Office to Help People Settle Their Tax Disputes More Quickly
An arm of Appeals, the Alternative Dispute Resolution Program Management Office will look to revitalize existing ADR programs.
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Bipartisan Bill Would Force IRS to Fix Issues With Math Error Notices
The bill, introduced in both the House and the Senate, would require the IRS to spell out exactly what the error on the return is.
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If You Missed It, Here’s the IRS ‘Dirty Dozen’ Tax Scams List For 2024
The list serves as a reminder to remain vigilant about tax scams not only during tax season, but all year long, the IRS said.
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Here’s the Salary a Person Needs to Actually Take Home $100,000 in Every State
The analysis accounts for federal income taxes and withholdings for Social Security and benefits, as well as state and local taxes.
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Boston IRS Agent Charged With Tax Fraud
Ndeye Amy Thioub was indicted on three counts each of filing false tax returns and filing false tax returns as an employee of the U.S.
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IRS Extends RMD Tax Relief for Inherited IRAs
This relief was provided to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.
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IRS Touts Strong, More Efficient 2024 Tax Season
It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season ends for most Americans.