Income Tax
Latest News
U.S. Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
KSM Adds Valuation Firm ValueKnowledge in Illinois
How AI is Reshaping the Future of Finance
EY Acquires HR Tech Consulting Firm Jubilant
Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’
Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”
IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely
The agency said Monday it will continue to allow alternatives to handwritten signatures to be accepted for certain tax documents.
IRS Boosts Hiring for Taxpayer Assistance Centers
The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.
IRS Starts Business Tax Accounts
The business tax accounts are part of a continuing effort to improve IRS taxpayer services and make the agency more tech-friendly.
IRS Has Collected $160 Million in Back Taxes From Millionaires This Year
The agency said it recently recovered $122 million from 100 wealthy earners, in addition to $38 million collected earlier this year.
Tax Benefits of 2023 Year-End Charitable Gifts
Keep this tax break in your hip pocket as the year winds down.
Bloomberg Tax AI Lab Enables AI Functions for Bloomberg Tax Research
The new Bloomberg Tax AI Lab offers customers the option of testing new AI-driven tools, beginning with an enhanced search experience using AI functionality.
Taxpayer Interest in IRS’s Direct File Program May Have Been Exaggerated
Their willingness to use the Direct File program may be overstated because of the survey the IRS used to gauge their interest, TIGTA says.