Fans of the rap star Nelly have been listening to his music online to help him pay a $2.4 million tax lien from the Internal Revenue Service.
Last week,
Streams of Nelly songs reportedly increased 90 percent in the past week in response to the campaign to relieve the rapper from his tax debts, but little impact is expected on his taxes.
Late night comedians Stephen Colbert and James Corden have both been offering the rapper some free advice for paying off his tax debts in their
The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.
The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.
The theme of this year's survey is "Caught in the Middle," exploring how caregiving responsibilities, as well as other responsibilities outside work, affect accounting professionals navigating their careers.
The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.
Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the danger of tax scams.
The IRS's Office of Professional Responsibility warned tax preparers of endorsing or negotiating taxpayers' federal refunds.
