IRS

The regs pertain to the automatic consent to change accounting methods for expenditures paid or incurred after Dec. 31, 2021.

Taxpayers can begin getting ready for a disaster with a preparedness plan that includes protecting and duplicating essential documents, creating lists of property and knowing where to find information if needed.

Millennials with annual incomes above $200,000 are leaving states like New York and California in droves, a new analysis shows.

Taxbit's scalable platform is designed to adapt to the evolving complexities of digital asset reporting, the company said Aug. 27.

Business tax account was launched last October as part of the agency's service improvement initiative under the Inflation Reduction Act.

Starting on Oct. 1, the rate for tax overpayments and underpayments for individuals will be 8% per year, compounded daily.

The Coalition Against Scam and Scheme Threats is comprised of the IRS, state tax agencies, tax software firms, associations, and others.

The process for obtaining these credits is unlike that of any previous program, and online resources have added to make it easier to navigate.