Income Tax
Latest News
Taxbit Unveils New Global Tax Reporting Platform
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Sovos Introduces 1099 Professional For SMBs
Vero AI Launches Iris GRC
Danny Werfel’s Cat Is the IRS’s New Social Media Darling
“We have just now started to put my cat Emmett out there as the expert on tax scams,” the IRS chief recently said in a TV interview.
IRS Finalizes Rules on Crypto Tax Reporting for Brokers
The final regulations are viewed by proponents as critical to policing a largely unregulated sector plagued by tax avoidance.
IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance
Therefore, cannabis businesses are still unable to claim normal business tax deductions, as IRC Section 280E stipulates.
Biden and Trump Spar on Social Security and Taxes During First Debate
The debate featured a relentless barrage of false and misleading statements from both presidential candidates on a number of issues.
IRS Offers to Settle With Certain Tax Avoidance Scheme Participants
The agency is looking to settle with some taxpayers under audit who participated in syndicated conservation easement deals.
IRS Paid Out $88.8M to Whistleblowers in FY 2023
The agency gave whistleblowers 121 awards for information attributable to $338 million in tax revenue being collected in fiscal year 2023.
4 Key Takeaways From the National Taxpayer Advocate’s Mid-Year Report to Congress
While the 2024 filing season generally ran smoothly, there are still several challenges impacting taxpayers, Erin Collins says.
IRS Says Sorry to Ken Griffin for Tax Data Leak
The IRS apologized to the billionaire founder of Citadel for failing to protect his tax information from being leaked to the press.