IRS

Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.

The IRS has given cryptocurrency holders a bit more clarity about how to report digital assets on their 1040 income tax forms.

More than 60 tax provisions are going up, according to Rev. Proc. 2022-38.

Rettig speaks; FASB on crypto; going public; and other highlights from our favorite tax bloggers.

An IRS proposal has spawned confusion about whether non-spousal heirs to Roth plans need to take RMDs before draining the accounts after 10 years.

An extra $80 billion over 10 years will have major repercussions — though not necessarily the expected ones.

Nonprofit organizations lose an estimated 5% of their revenue each year to fraud.

The Internal Revenue Service is sending out letters this week to more than 9 million potentially eligible families who didn't previously claim economic impact payments or tax credits.

The transition period has now been extended through Jan. 10, 2024 in which taxpayers are afforded a full 45 days to perfect a R&D tax credit claim for refund.

The service posted drafts of the upcoming Schedule UTP form and instructions in an effort to improve the forms' usefulness.

PPP misrepresentation; rebuilding clients' basis; what you're doing wrong; and other highlights from our favorite tax bloggers.

Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.

While it's true that many companies qualify for the employee retention tax credit, there is significant concern about abuse and fraud.

The Internal Revenue Service's streamlined application process for tax-exempt status could be allowing corrupt charities to claim exemptions before the IRS has enough information.

The Criminal Investigation unit in Mexico City helped locate 79 criminals in Mexico, Belize, El Salvador, Guatemala and Honduras in the past fiscal year.

Million-dollar baseballs are raining down on fans like pennies from heaven, and the taxman isn't far behind.

The request for comments is part of the Treasury Department's effort to fast-track the rules from the Inflation Reduction Act.

Five current or former Internal Revenue Service employees allegedly submitted false and fraudulent loan applications that collectively sought over $1 million.

The government is requesting responses on implementing the Inflation Reduction Act's climate proposals by Nov. 4 or sooner.

Two revisions hope to clarify how taxpayers can meet with Appeals, and give them more contacts at the service.