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IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
Professionals on the Move – Nov. 2024
House GOP Spars with Janet Yellen Over Biden’s Tax Proposals
Republicans on the Ways and Means Committee gave the president’s latest budget request an icy reception.
Tax Court Disallows Mortgage Interest Deduction
The new case involves a complex series of transactions where three brothers intermingled their business and personal interests.
Ex-IRS Chief Says He Is Confident Daniel Werfel Will Do Well as Agency’s New Leader
“He’s extremely well-suited for his current assignment,” Mark Everson, IRS commissioner from 2003-07, said about Werfel.
IRS and State Move Spring Tax Deadline to Oct. 16 for Most Californians
The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments.
Senate Confirms Daniel Werfel as Next IRS Chief
The Senate voted 54-42 to confirm Werfel, a former acting IRS commissioner under the Obama administration.
Manchin Won’t Back Werfel to Lead IRS as Feud with White House Continues
Joe Manchin called Daniel Werfel “supremely qualified” but has “zero faith” he would have autonomy in the post.
How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation
The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.
IRS Warns of New W-2 Scams
The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.