IRS
Latest News
Taxbit Unveils New Global Tax Reporting Platform
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Sovos Introduces 1099 Professional For SMBs
Vero AI Launches Iris GRC
Employee vs. Independent Contractor: Do You Know the Rules?
When you’re running a business and someone works for you or provides a service, you pay them. That’s easy. What isn’t always so easy is determining how you should treat those payments. Before you enter into a business relationship, it’s important to establish the type of relationship – is this person providing services as an independent contractor or an employee?
IRS Says Fishing Disaster Aid May be Taxable
The Internal Revenue Service says that fishermen in the Northeast U.S. who received fishery disaster funds may have to pay federal tax on that relief assistance if it's used to replace lost income.
Corporate Tax Case Could Cost Michigan $1 Billion
A little-noticed tax case the Michigan Supreme Court decided in July could have huge financial implications for the state -- costing it more than $1 billion.
How to Maximize Home Office Deductions
It is well-established that you can deduct home office expenses only if certain tax law requirements are met. Notably, no deduction is allowed unless the taxpayer uses the home office regularly and exclusively for business purposes.
Nearly 80% of Taxpayers Worried About Scams, ID Theft
A new study shows that 78 percent of Americans feel vulnerable to tax scams and 57 percent do not know how to prevent or protect themselves from falling victim to one.
Latest Income Tax, IRS Scam Targets Retirees
An Austin, Texas, man may have been the target of scammers pretending to be IRS agents that have bilked at least one elderly woman of $2,500.
IRS to Hold Next Tax Forum in Maryland
The next 2014 IRS Nationwide Tax Forum will be held at National Harbor in Maryland near Washington, D.C., and the IRS invites enrolled agents, certified public accountants, certified financial planners and other tax professionals to attend. Those who sign up by the pre-registration date of Aug. 5 will save $130 off the on-site price.
California Man Fights Tax Officials Over Granddaughter’s $6 Tax Refund
Never before in California history has someone battled the state Franchise Tax Board to make sure his young grandchild didn't hold on to her first-ever tax refund.