IRS

The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.

Deena Vang Lee, a former IRS employee in Fresno, CA, and private tax preparer, received four years and six months in prison.

An academic study revealed that Black Americans are up to five times more likely to be audited than taxpayers of other races.

Adhere strictly to the substantiation rules for charitable donations. A deduction worth thousands of tax dollars could be at stake.

Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.

The agency is seeking ideas on how to improve tax dispute conference options for taxpayers who don’t live close to an appeals office.

This practice – known as the “mailbox rule” – already applies to payments and documents sent to the IRS through traditional mail.

The Inflation Reduction Act includes credits for taxpayers who make qualifying energy improvements to their home.