IRS

Planners and their clients can use the annual cost-of-living adjustments as a helpful reminder to consider tweaks to retirement savings and strategies, experts said.

In its annual report, the advisory council recommends that the agency prioritize educating lawmakers.

The IRS and preparers are preparing to navigate the filing season ahead.

Proposed regulations from the IRS are generally effective beginning in 2024.

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

CPAs' real pay; crypto data released; factoring receivables; and other highlights from our favorite tax bloggers.

The Treasury secretary addressed a group of service employees as the agency fends off cuts pushed by House Republicans.

The service's development of its newly introduced business tax accounts and recent improvements in its tax pro accounts could be jeopardized if funding is cut.

Senate Majority Leader Chuck Schumer vowed the Senate won't vote on the House bill and instead will produce a broader emergency package without cuts to the IRS.

Officials from the Criminal Investigation division met with tax officials from four other countries to uncover tax evasion and money laundering schemes through data mining.

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.

The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.

House Republicans would paid for aid to Israel by slashing funds for the Internal Revenue Service.

Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.

The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.

Johnson's plan pays for Israel aid by cutting President Joe Biden's signature Inflation Reduction Act, calling for a $14.3 billion reduction in funding for the IRS.

The Internal Revenue Service is extending two of its pandemic-related options for taxpayers and tax professionals.

The Internal Revenue Service is providing a way for businesses to withdraw incorrect claims for the Employee Retention Credit, but what about the claims that have been paid out already?

The cost of free file; ERC withdrawals; making money year-round; and other highlights from our favorite tax bloggers.

Most new claimants don't qualify for the Employee Retention Credit, experts say — but that hasn't stopped facilitators from promoting it.