IRS Urges Taxpayers to Choose Tax Preparers Carefully to Protect Data (IR-2025-21)
The IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]
Read More
The IRS Electronic Tax Administration Advisory Committee(ETAAC) in a series of recommendations to the agency and Congress is looking for improvements in agency accountability as well as stressing […]
Read MoreThe American Bar Association offered the Internal Revenue Service a series of suggestions in response to a proposed regulation regarding supervisory approval of […]
Read MoreThe IRS announced transition relief for plan administrators, payors, plan participants, IRA owners, and beneficiaries in connection with the change to the required beginning date for required minimum […]
Read MoreThe IRS has announced that taxpayers will not be required to report the new Code Sec. 4501 excise tax on stock repurchases during a covered corporation’s tax […]
Read MoreThe additional funding provided to the Internal Revenue Service under the Inflation Reduction Act is already paying dividends when it comes to increased enforcement, agency Commissioner Daniel […]
Read MoreThe IRS provided guidance in advance of an update to the Employee Plans Compliance Resolution System (EPCRS). The SECURE 2.0 Act of 2022 (P.L. 117-328, […]
Read MoreThe Internal Revenue Service has made progress on clearing out the backlog of paper original returns in the wake of the COVID-19 pandemic, but the backlog of unprocessed amended returns remains […]
Read MoreMark Mazur, former assistant secretary for Tax Policy U.S. at the Department of the Treasury, told members of the House Budget Committee that […]
Read MoreThe IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]
Read More
The IRS provided six tips to help taxpayers file their 2024 tax returns more easily. Taxpayers should follow these steps […]
Read More
The IRS encouraged taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax […]
Read More
Guidance is provided for property and casualty insurers that write inland marine insurance and pay the State Fire Marshal Regulatory […]
Read More
The IRS has announced plans to issue automatic payments to eligible individuals who failed to claim the Recovery Rebate Credit on their […]
Read More
The IRS released the optional standard mileage rates for 2025. Most taxpayers may use these rates to compute deductible costs […]
Read More
The IRS, in partnership with the Coalition Against Scam and Scheme Threats (CASST), has unveiled new initiatives for the 2025 […]
Read More
The IRS reminded disaster-area taxpayers that they have until February 3, 2025, to file their 2023 returns, in the entire […]
Read More
