IRS

A set of frequently asked questions from the IRS says the benefit can be excluded from income.

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.

The number of individual income tax returns received rose by more than 17.5% in just one week, as tax season entered its final stretch.

The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.

The Internal Revenue Service reported stronger performance on Monday, April 15, as it concluded this year's tax filing season, saying it had answered 1 million more phone calls from taxpayers and helped 170,000 people in person compared to last year.

The Internal Revenue Service is getting ready for an onslaught of tax returns arriving by Tax Day, though many taxpayers will be eligible for automatic extensions due to natural disasters.

The IRS threw a late curveball at tax professionals scrambling to meet the April 15 deadline, and for partnerships and corporations in general.

The alleged bookmaker is under criminal investigation by the IRS as well.

An earlier postponement of the reapplication date has been rescinded.

The firm may pursue its claims through an administrative office at the agency after agreeing with the federal government to dismiss its case.

The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations.

The free tax program will now import a taxpayer's information from the previous year, as a report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain.

Chief obstacles; tax illiteracy; what makes a great preparer; and other highlights from our favorite tax bloggers.

The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.

At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.

The Internal Revenue Service clarified the treatment of money paid for energy-efficient property and improvements in Announcement 2024-19.

More than 70 of the Internal Revenue Service's assistance centers will be open for walk-ins from 9 a.m. to 4 p.m.

The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.

The Treasury reported increasing usage of the free tax-filing system that they've been pilot testing in a dozen states this tax season.

The high court heard arguments in a case about a commonly used succession planning tool for closely held businesses that may affect advisors' clients.