Income Tax

The IRS is giving employers three additional months to comply with the rules for claiming the Work Opportunity Tax Credit (WOTC). The WOTC is available to employers who hire workers any one of several “target” groups.

The Internal Revenue Service will hold a free online, web-based information session to assist U.S. overseas taxpayers in understanding the foreign earned income exclusion on Wednesday, June 29.

Advisors can play a key role in helping entrepreneurs understand the importance of building, monitoring and maintaining strong business and personal credit scores to help their businesses grow. Nav's research has found that most small business ...

The IRS periodically updates the list of plug-in vehicles that are eligible for the credit. As complied by tax publisher Thomson Reuters, the following reflects the credit amounts for qualified vehicles manufactured by well-known companies, based on ...

CohnReznick raised and donated a total of $150,000 to the Special Operations Warrior Foundation (SOWF) and the Joe Torre Safe At Home Foundation.

The IRS is warning Americans about fake charity scams that are trying to use the mass shooting in Orlando as a way to raise money.

Small Business Tax Strategies offers pointers on some common situations. For more details and expert advice and guidance, visit a CPA. Generate energy credits in your state Q. In the last issue (SBTS May 2016), you explained rules for federal residential energy credits. Can you get this on a state level too? Anonymous A. Possibly. […]

Koskinen took over the reins at the IRS in December 2013. Despite the charges levied against him, he has previously said that he intends to stay on until the end of his four-year term.