IRS

Using the specific identification feature, Ledgible users can optimize tax calculations tailored to their specific needs, the company said.

Frank Mosely, who also worked as a tax enforcement officer in Oakland, CA, was sentenced to two and a half years in prison for PPP fraud.

After a trial run in 12 states this tax season, the IRS said on May 30 its Direct File program will be made available to all 50 states next year.

Misinformation about a fourth stimulus check being sent to senior citizens and the disabled has been circulating online for many months.

The proposed rules explain how eligible facilities can qualify for tech-neutral clean electricity credits under the Inflation Reduction Act.

The IRS Advisory Council recently recommended that the threshold figure should be raised from $1,200 to $5,800.

Ten million people used TurboTax for free this year to file their taxes, a drop of about 1 million from a year ago, Intuit said.

The taxpayer failed to report any of the $700,000 payment as taxable income on his return. So the IRS stepped in and the case ended up in the Tax Court.