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
IRS: Energy-Efficient Rebates Not Income
However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.
Which States Cost the Most in Taxes Over a Lifetime?
New Jersey residents will pay the most in lifetime taxes, and people in West Virginia will pay the least, according to a Self Financial study.
Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in Senate
Senate Republicans don’t want to hand President Biden an election-year victory on the legislation, which passed the House in January.
Ex-IRS Agent Accused of Filing Error-Filled Returns, Costing $42M in Lost Taxes
The Justice Department is asking a judge in Washington state to ban Donald J. Taylor from preparing federal tax returns.
Walgreens Hit With $2.7 Billion Tax Bill After IRS Audit
The IRS is seeking $2.7 billion from Walgreens Boots Alliance for unpaid taxes due to alleged issues over transfer pricing.
Federal Judge Rejects Hunter Biden’s Bid to Dismiss Tax Case in L.A.
April 1 ruling clears the way for the president's son to face court proceedings during the contentious 2024 election cycle.
IRS Direct File Tool May Be Especially Helpful to Latino Americans
Latinos—as well as individuals of any background— may fall victim to unqualified service providers who prey on their community.
Judge Skeptical of Hunter Biden’s Effort to Dismiss Tax Case as Politically Charged
Lawyers for President Biden's son asked a federal judge in Los Angeles on March 27 to throw out nine tax-related charges.