IRS

The House Ways and Means Committee voted unanimously to approve a bipartisan bill to accelerate processing of tax returns through use of scanning technology.

The Internal Revenue Service Advisory Council issued its annual report after a turbulent year at the agency, criticizing the repeated funding and staffing cuts.

As tax professionals, we need to figure out which version of reality is going to show up on tax season opening day.

The Treasury and the IRS issued proposed regulations to revise the threshold for when third-party settlement organizations need to perform backup withholding.

Tax season is starting as a number of new provisions of the One Big Beautiful Bill Act take effect.

The Institute wants the IRS to develop an automated procedure to expedite extension requests for taxpayers to replace property destroyed by disasters.

Impacted taxpayers have until May 1 to file tax returns and make payments.

The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.

From the decline of the 150-hour rule to staff cuts at the IRS and the ongoing impact of PE, the last 12 months have been very busy for the profession.

The proposed regulations relate to the new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use.

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Provisions from the OBBBA required new answers to questions about the Premium Tax Credit.

According to IRS Notice 2026-10, however, some other mileage rates will go down.

Agents with the Internal Revenue Service's Criminal Investigation unit reportedly helped track down the shooter who terrorized Brown University and MIT.

Britney Spears is disputing a $600,000 tax claim from the Internal Revenue Service.

Trump administration officials are confidently forecasting that Americans will see the largest refunds next filing season thanks to the tax cuts in the OBBBA.

The Treasury and the IRS are asking that taxpayers hold off on claims until they clarify the rules.

The IRS Criminal Investigation unit cited its top cases that led to multiyear prison sentences and multimillion-dollar financial settlements for tax crimes.

Comments on the proposed framework are due by March 22.

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