IRS

The IRS and the Treasury gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic.

The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic.

The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.

It won’t count as income to employees, but they also won’t be able to deduct it.

In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.

The Internal Revenue Service recently issued crucial guidance to help developers take advantage of tax credits for the systems, and supporters say it could usher in a new era for the controversial technology.

Superseding returns; tax law vs. facts; IRS reopening continues; and other highlights from our favorite tax bloggers.

Rates for overpayments will drop to 3 percent.

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

The service issued guidance that levies a 21 percent excise tax on some nonprofit employees’ salaries above $1 million.

The service is looking to go online to help more taxpayers who aren’t represented by counsel.

The Internal Revenue Service is giving retirement plan participants and beneficiaries some added flexibility during the COVID-19 pandemic to remotely sign or have their retirement plan elections notarized.

Stimulus vs. trash; donating and deducting services; the schedule of automated notices; and other highlights from our favorite tax bloggers.

An appeal going before the Ninth Circuit questions the constitutionality of Code Section 280E.

The service hasn’t been doing enough to collect the taxes owed by hundreds of thousands of people who owe billions of dollars, according to a new report.

The IRS has been meaning to make the form electronically fileable for a number of years.

For decades, the credit has been subject to a wide gulf of interpretation and hence is an issue ripe for adjustments.

Opponents like Sen. Ron Wyden claims the rules are politically motivated.