On January 14, 2025, the Department of the Treasury and the Internal Revenue Service issued proposed regulations (Proposed Regulations) relating ...

Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...

Selecting the right tax preparer is crucial to safeguarding your financial information and avoiding tax-related identity theft. While most tax preparers are trustworthy, some engage in fraudulent ...

All income is taxable, even stolen money. If the interpreter pays back his former boss the stolen money, does the IRS let him ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

Tax season may never be seen as fun, but this year provides Washington a perfect opportunity to make it less confusing.

The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...

Qualified Opportunity Funds (QOFs) offer generous tax incentives but are bound by a complicated set of rules, not to mention the complexity ...

On January 10, 2025, the US Department of the Treasury and IRS released final and proposed regulations that provide tax guidance for the ...

With the Modi government back in power and Finance Minister Nirmala Sitharaman leading the charge, the introduction of the long-awaited Direct Tax Code (DTC) is on the horizon. The DTC promises to ...

Carter has introduced the “Fair Tax Act,” a bill aimed at abolishing the IRS and rewriting the current U.S. tax code.

An executive order signed by President Donald Trump regarding IRS hiring should not affect the use of seasonal employees for the tax filing season, an AICPA vice president said Tuesday. The IRS likely ...