IRS
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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IRS Pressed to Crack Down on Wealthy Tax Cheats in Puerto Rico
Lawmakers are asking the IRS to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico.
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IRS Raises Estate Tax Exemption Amount for 2024
A higher exemption means more estates may be exempt from the federal tax, which can save heirs from a hefty tax bill.
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TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’
The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.
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Why a Delaware Statutory Trust is a Viable Alternative to Debt Replacement
Using a DST would meet the debt replacement requirement in a 1031 exchange, as well as help the investor diversify their portfolio.
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2024 IRS Tax Brackets, Standard Deductions
While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.
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IRS Advisory Council Issues Report with Recommendations on Agency Changes
The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Sec. 302, EINs, 1099-K reporting, Employee Plans, Modernizing Forms.
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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.”
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House Passes Israel Aid Bill Tied to IRS Cuts
House Republicans passed a $14.3 billion Israel aid package Thursday, triggering a clash with Democrats over tax law enforcement.