Income Tax
Latest News
IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
Professionals on the Move – Nov. 2024
Jan. 31 Deadline Nears For Some Enrolled Agents to Maintain Their Status
EAs with a Social Security number ending in 7, 8, or 9 must renew their status by Jan. 31 before their current enrollment expires March 31.
IRS Says Digital Asset Question Added to More Tax Forms
The IRS noted on Monday that it has included a crypto question on four additional tax forms ahead of filing season.
IRS Redesigning Taxpayer Notices to Make Them Easier to Understand
The Simple Notice Initiative will review and redesign hundreds of notices with an immediate focus on the most common notices that individual taxpayers receive.
$78 Billion Tax Deal Gets More Bipartisan Support in Congress
Ways and Means voted to approve a tax package that would revive a trio of business tax incentives and expand the child tax credit.
Trump Tax Leaker Acted Out of ‘Deep, Moral Belief,’ Judge Told
Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Donald Trump’s tax data from the IRS and leaking it to The New York Times.
IRS System Upgrades Delay E-Filing for Some Tax-Exempt Organizations
The IRS said on Thursday that tax-exempt groups won't be able to e-file Form 990-T or Form 1120-POL until March 17.
Bipartisan Tax Deal Would Expand Credits for Businesses, Children, and Low-Income Housing
Other changes to the credit would include making more of the credit available as a refund and indexing the total credit to inflation starting in 2024.
The Tax Blotter – Jan. 2024
The Tax Blotter is a round-up of brief news items relating to tax preparation, policy and legislation.