Income Tax

The Internal Revenue Service has announced the selection of three new members and a chairperson to the Electronic Tax Administration Advisory Committee (ETAAC).

IRS.gov has information on how to make filing your next tax return less taxing.

With the end of 2013 rapidly approaching, the Internal Revenue Service is reminding individuals and businesses who make contributions to charity to keep in mind several important tax factors that have taken effect in recent years.

Taxpayers looking to hire a professional to complete their 2013 tax return can expect to pay an average of $261 for an itemized Form 1040 with Schedule A and a state tax return, according to the National Society of Accountants (NSA).

Having to run payroll for foreign nationals seems like a remote possibility for most payroll service providers. And it's true that only 14% of Thomson Reuters tax and accounting software users who process payroll reported paying foreign nationals in a recent survey.

With January only a few weeks away, business owners should already be thinking about year-end tax planning, and there are five significant tax regulations and credits they should evaluate before the New Year, according to Paychex.

Report says the IRS needs to do more to prevent fraud committed using stolen EINs.

Whether it's to a veterans group, a medical foundation, a faith-based organization or other charity, donating a used car can be both useful to the organization and its mission, as well as a potential tax-saving benefit to the giver