IRS

The revenue-raising provision of the Tax Cuts and Jobs Act took effect despite efforts to extend the tax break.

If the 'secondary' spouse makes a balance-due payment to the IRS, it may not get credited to their account.

Notice 2023-2 offers interim guidance on the 1% tax introduced by the Inflation Reduction Act of 2022.

New notices and a new FAQ clarify some of the provisions of the Inflation Reduction Act for qualifying for the Clean Vehicle Credit.

A new FAQ from the IRS on the Clean Vehicle Credit suggests some flexibility on rules requiring the cars to be made in North America.

The service upped the rate for business use, but left medical, moving and charitable rates the same.

Fact Sheet 2022-41 now reflects the decision to move back the switch to a much lower reporting threshold.

What did and didn't make it into the bill; Shopify and sales tax; why the IRS dawdled; and other highlights from our favorite tax bloggers.

The new notices offer temporary clarity around two provisions of the Inflation Reduction Act of 2022, on the corporate AMT and the stock repurchase excise tax.

At issue is whether the IRS needs to tell taxpayers when it gathers information about their bank accounts and other records.

The Internal Revenue Service and the Treasury are giving investment brokers more time to report information on transactions involving digital assets such as cryptocurrency.

The lower threshold threatened to generate millions of new forms going out to unsuspecting taxpayers and their accountants.

The Inflation Reduction Act heavily modified the Section 179D Energy Efficient Commercial Building Deduction and the Section 45L Energy Efficient Home Credit.

The Internal Revenue Service would be legally mandated to annually audit the president and publish the results under legislation passed by the House.

The Internal Revenue Service is responding to feedback on its draft form and instructions for Schedule UTP for reporting uncertain tax positions by making some changes for next tax season.

The Internal Revenue Service's Exempt Organizations unit needs to change its procedures and training when deciding whether to deny tax-exempt status to charities, according to a new report.

The service released a set of FAQs about recent changes to tax incentives for energy efficient home improvements and residential clean energy property.

The Internal Revenue Service won't meet its goal of catching up on its backlog of millions of unprocessed tax returns by the end of this year.

As 2023 comes into view, the specter of 87,000 new IRS employees has gotten the attention of accountants and bookkeepers — as well as small and midsized business owners.

The move caps a three-year legal saga initiated by Democrats to obtain and release the former president's closely held financial documents.