Taxes

Section G, which was labeled “Section F” in the version of the form that IRS shared last fall, requests the Business Component Detail.

Top party lawmakers are making it clear that taxes need to rise on wealthy individuals and multinational corporations.

At least 70% of ERC claims currently awaiting processing have red flags about their accuracy, IRS Commissioner Danny Werfel said.

Clean energy project managers must meet the prevailing wage and apprenticeship requirements to receive increased tax credits.

If provided under an educational assistance program, certain educational assistance benefits can be excluded from gross income.

Cracking down on this tax loophole used by the wealthy could raise more than $50 billion in revenue over 10 years, Treasury said June 17.

The website now provides a comprehensive landing spot for candidates to find everything they need to pursue a career at the IRS.

The tax agency is plagued with backlogs in processing employee retention tax credits, and the lawsuits are springing forth.