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 ...

While that was often the case before tax laws changed in 2018, it is no longer ... I blame this on the custodians. On a Form 1099, custodians do not report who the money goes to — just that it has ...

A Woodbridge man was sentenced Thursday to 12 months and a day in prison for filing false tax returns, said U.S. Attorney ...

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

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

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

Wealthier Americans need to keep an eye on the federal estate tax exemption amount, which is an important factor in any ...

Because the injury is to individual taxpayers rather than the state, the IRS says the state has no standing to sue the ...

Otherwise, traders need to make manual adjustments on Form 8949. A TTS trader with significant ... 20% DEDUCTION ON QUALIFIED ...

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.

Kamala Harris's plans to hike corporate income tax rates, rather than cut them as Donald Trump suggests, would be deleterious ...