Otherwise, traders need to make manual adjustments on Form 8949. A TTS trader with significant Section 475 ordinary ... 20% ...

IRS Commissioner Danny Werfel announced the IRS will no longer automatically assess penalties for certain late filed foreign ...

By studying tax forms sportsbooks submitted from 2018 through 2020, the IRS concluded that as of March 2023 nearly 150,000 ...

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

Hoosier property owners have two extra days this year to make their fall property tax payment thanks to a quirk of the ...

An ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by the IRS to foreign nationals and ...

The IRS did not abuse its discretion in sustaining a taxpayer’s proposed levy for a tax liability the taxpayer had not properly challenged, the Tax Court held.

Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth ...

On September 30, 2024, the Treasury Inspector General for Tax Administration (“TIGTA”) issued a report evaluating the IRS’s ...

Donald Trump and Kamala Harris back no-tax-on-tips policy, but in an election where the economy is the No. 1 issue, economists say the idea is flawed.

The IRS and Azteca Economic Development are recruiting volunteers in Laredo for the VITA program to provide free tax ...

Learn whether moving expenses are tax deductible under current IRS rules. Find out who qualifies, what expenses you can ...