Taxes December 19, 2024
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
December 12, 2024
December 12, 2024
December 10, 2024
December 6, 2024
December 5, 2024
Taxes December 19, 2024
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
Taxes December 12, 2024
The update given by the IRS on Dec. 12 comes as the threat of additional budget cuts from Republicans and a potential new leader of the agency loom once Donald Trump takes office next month and both chambers of Congress are controlled by the GOP.
Taxes December 12, 2024
The latest expansion of the IRS business tax account makes this online self-service tool available to C corporations, the tax agency said on Dec. 12. In addition, designated officials can now access business tax account on behalf of their S corporation or C corporation.
Taxes December 10, 2024
The agency awarded grants to 41 Tax Counseling for the Elderly and 315 Volunteer Income Tax Assistance applicants.
Taxes December 6, 2024
IRS-CI initiated more than 2,667 criminal investigations, obtained 1,571 convictions, and reclaimed its 90% conviction rate in FY24.
Taxes December 5, 2024
The current IRS commissioner, Danny Werfel, has said that he intends to fulfill his term, which is slated to end on Nov. 12, 2027.
Taxes December 3, 2024
The IRS has extended the deadline for payroll companies and third-party payers to file a supplemental claim for their clients until Dec. 31.
Taxes December 3, 2024
The IRS Tax Withholding Estimator can help taxpayers make sure the correct amount of tax is withheld from their paychecks.
Taxes December 3, 2024
Jessica Crawford of Athens, GA, is facing up to 30 years in prison after pleading guilty to fraudulently filing tax returns on behalf of clients.
IRS December 2, 2024
The way to make the government more effective is no mystery—just fund it adequately so it can effectively do its job.
Taxes November 27, 2024
If you're wondering when you can file your income taxes in 2025 and when you might get your tax refund, this chart can give an estimated date. Where's My refund?
Taxes November 26, 2024
The agency on Nov. 26 set the reporting threshold at $5,000 for 2024, $2,500 in 2025, and $600 for 2026 and thereafter.