Taxes
Latest News
The Holidays Are Full of Potentially Awkward Money Talks
Survey: 72% Worried They Won’t See Social Security Benefits Upon Retirement Age
Holiday Scams to Watch for in 2024
Trump Vows 25% Tariffs on Canada and Mexico, and 10% More on China on ‘Day One’
IRS Establishing New Unit to Crack Down on Tax Dodging by Pass-Throughs
Group within LB&I will be tasked with holding large partnerships and other pass-throughs accountable on tax compliance.
Sidney Kess, Tax Attorney and Author, Has Died at Age 97
Kess was called an “inspiration,” “a wonderful man,” and “one of the visionaries of the profession” by those who admired him.
IRS Looks to Hire 3,700 Agents to Pursue Wealthy Tax Dodgers
The agency is ramping up compliance efforts against high-income earners, partnerships, large corporations, and promoters.
Hunter Biden Sues IRS Over Tax Disclosures by Agency Employees
The son of President Joe Biden alleges that so-called IRS whistleblowers illegally disclosed information about his taxes.
IRS Proposes Tweaks to R&D Tax Credit Form
Stakeholders have until Oct. 31 to provide feedback on the proposed changes to Form 6765 the IRS unveiled on Friday.
IRS Looks to Provide Businesses with More Tax Certainty and Issue Resolution Tools
The IRS included this initiative in its Strategic Operating Plan, which outlines how it will use funding from the Inflation Reduction Act.
IRS Temporarily Stops Employee Retention Credit Processing
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.
Projected 2024 Income Tax Brackets
This year’s report projects that several key deductions for taxpayers will see notable year-over-year increases, with the foreign earned income exclusion ...