IRS

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

The IRS-sponsored program relies on hundreds of dedicated accounting volunteers to ensure filers receive the crucial and necessary tax refunds they depend upon and ultimately help people fight poverty and food insecurity.

The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to propose regulations to address the capitalization and amortization of specified research and experimental expenditures.

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

More and more fraudsters are impersonating the IRS, so taxpayers need to know how to tell the difference, and what to do if someone tries to scam them.

The IRS launches a registration tool for clean energy credits, and more guidance on clean hydrogen credits.

Those 73 and older need to make sure they're taking their required minimum distributions from IRA and other retirement accounts.

The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.

New guidance from the IRS in Notice 2024-05 provides a safe harbor for certain vehicles.

Financial advisors and tax professionals serving self-employed and other entrepreneurial clients start with a choice between two methods, then make careful calculations.

The IRS is forming a centralized oversight strategy for digital assets, but implementing it has been frustrated by delays in the regulatory approval process.

The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.

Too much money; five little letters on how clients might see you; loss-harvesting season; and other highlights from our favorite tax bloggers.

Individual partners and individual shareholders of S corps can now get a business tax account.

The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.

The new deduction rates apply to electric and hybrid vehicles, as well.

This will be the first reorganization for the Internal Revenue Service in over 20 years and reflects the new transformation goals underway at the agency.

What good is a door you don't close? What's the point of going through all the trouble of having a secure space if someone can just walk right in?

Nuances of VAT; financial gift ideas; welcome, outstanding offenders; and other highlights from our favorite tax bloggers.

U.S. officials will take money away from victims of the fraud-tainted crypto firm unless a judge rejects the government's demand for $24 billion in unpaid taxes, the bankrupt company said.