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Democrats in the Senate and House proposed a bill aimed at ensuring billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced tax legislation of their own pertaining to the Internal Revenue Service and the U.S. Tax Court.
1h ago -
Substantial presence; not in the floor but in ourselves; confusion and complexity; and other highlights from our favorite tax bloggers.
September 16 -
Taxpayers who believed cryptocurrency offered privacy now face an environment where the IRS can access their data.
September 16The Tax Law Offices of David W. Klasing -
The Internal Revenue Service and the Treasury issued final regulations on the new Roth catch-up contribution rule from the SECURE 2.0 Act.
September 16 -
The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new tax breaks.
September 15 -
The Internal Revenue Service, the Treasury and other parts of the government plan to phase out the use of paper checks for payments by the end of this month.
September 12 -
Bloomberg Tax & Accounting released its annual report projecting U.S. tax rate brackets, standard deduction and AMT exemption amounts for the year ahead.
September 11 -
Reducing K-1 penalties; another use for property taxes; 183 isn't always added up the same; and other highlights from our favorite tax bloggers.
September 10 -
The Internal Revenue Service intends to shut down nine in-person Taxpayer Assistance Centers in six states as part of the administration's cost-cutting moves.
September 8 -
The Internal Revenue Service has hit taxpayers with over $162 million in penalties for claiming fraudulent tax credits touted on social media.
September 8