IRS

The Treasury Department and the Internal Revenue Service said Tuesday that Maine will be the latest state to join the IRS Direct File free tax prep system for filing season 2025.

The Internal Revenue Service continues to expand the things business taxpayers can do with BTA.

The IRS is pushing back filing and payment deadlines for those affected by Ernesto and other storms.

Taxpayers can now conduct all interactions digitally and the service says that it is better equipped to address tax evasion and scams.

The decision hinging on the definition of "inventory" in the sale of a highly valuable position in a U.S. partnership resolved a saga that began 16 years ago.

Six years of the Centralized Partnership Audit Regime have elucidated a central understanding: the provisions present plenty of potential pitfalls for partnerships, partnership representatives and the partners.

Operators of large trucks and buses must file their Form 2290 by Sept. 3.

The Internal Revenue Service and its partners have identified half a dozen steps for safeguarding taxpayer information.

The Treasury Inspector General for Tax Administration found that IRS Tax-Exempt Compliance Unit examiners spent 6.1 hours on average per case in 2023, up 281% from 2020.

Eligible taxpayers can apply between Sept. 4 to Oct. 31