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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Arizona AG Asks Federal Court to Stop IRS From Taxing Family Rebate
Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing last year’s rebate.
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IRS Isn’t Raising Tax Interest Rates in Q2 2024
Starting on April 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
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Corporate Jet Use by Super-Wealthy Is Latest IRS Crackdown Push
Audits this spring will look at where inappropriate deductions were made and where personal travel by jet wasn’t logged as income.
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IRS Stresses It Will Issue More Refunds If Child Tax Credit Bill Passes
IRS Commissioner Daniel Werfel says parents don’t need to wait to file their 2024 tax return while the bill sits in the Senate.
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$1,741 Is the Average Tax Refund So Far, IRS Says
The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS.
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How to Report QCDs on a Tax Return
Qualified charitable distributions can be tricky when it comes to tax reporting. Here are some pointers to help with filing.
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How Work From Home Will Save More Small Business Owners on Taxes This Filing Season
As more entrepreneurs embrace remote and hybrid work, they are making sure to write off their home office—but know the rules first.
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IRS-CI Chief Jim Lee Will Call It a Career in April
Lee, a 29-year veteran of the agency who has served as chief of IRS Criminal Investigation since 2020, will retire on April 6.