Taxes

This relief was provided to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.

The AICPA’s comments also include a matrix for the Form 990 series which focuses on specific sections and the recommendations for those sections.

The digital services tax currently before Canada's Parliament would impact U.S.-based companies like Alphabet and Meta Platforms.

The revised FAQs pertain to the new, previously owned, and qualified commercial clean vehicle credits.

It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season ends for most Americans.

The use of such referral and information services would be excluded from employees' taxable gross income, according to the IRS.

President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.