IRS

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 for tax year 2023.

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.

Local measures galore; AI to the rescue; franchisees' checklist; and other highlights from our favorite tax bloggers.

The IRS is reminding tax pros to register for or renew their professional ID number by Dec. 31.

Plus, TaxPlanIQ announces virtual summit; IRS announces availability of 18 online seminars; and other accounting tech news.

So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.

Starting in January, cryptocurrency will need to be reported to the IRS on an account-by-account basis versus the "universal wallet" approach most had been using.

The IRS is warning taxpayers about the red flags that a 'charity' seeking donations may not be on the up and up.

The Internal Revenue Service says it is processing some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims.

Tax cuts and Mickey's slice; avoiding FBARs; COLA wars; and other highlights from our favorite tax bloggers.

In the wake of Hurricane Milton, the IRS is pushing back filing and payment deadlines.

The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

A group of lawmakers has urged the IRS to drop the mandate to follow stringent ID.me standards.

The gap between taxes owed and paid increased to $696 billion in tax year 2022.

Disagreements with the IRS, while business as usual for CPAs, can be terrifying to the taxpayer.

Sens. Bill Cassidy and Mark Warner introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for refunds.

W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.

Proposals on the Corporate Alternative Minimum Tax and Alternative Fuel Vehicle Refueling Property Credit lead the wave of legislative and procedure changes out of the Internal Revenue Service last month.

The new rules require that certain syndicated conservation easements must be reported to the IRS.