IRS

The Internal Revenue Service has released guidance easing penalties for some mistakes.

Victims of the October storm in parts of North Carolina may qualify for tax relief from the IRS.

Kicking off the New Year with: Four Good Tax Moves; “Tax Offender of the Year; “Social Media Checklist for Tax Preparers;” and other highlights from our favorite tax bloggers.

Regulations would cover withholding and reporting on money made from horseracing, dog races and jai alai pari-mutuel betting, along with reporting on bingo, keno and slot machine payouts.

The service saw a record number of filings this year, and collected $1.4bn in income tax.

Notice alerts taxpayers and practitioners the Service may challenge certain investment schemes as tax avoidance transactions.

More last-minute tax strategies to cram in before Dec. 31; an overview of prevalent tax scams; and other highlights from our favorite tax bloggers.

How clients can take advantage of this approach to managing their wealth after death, even if President-elect Trump enacts his proposed reforms. Plus, juicy deductions that come with owning a car and a smart portfolio trick to consider after this year's monster bull market.

The IRS has tips for tax preparers to prevent identity theft in the approaching filing season.

The IRS announced that one of its filing pages for nonprofits will be closed for maintenance over the next few weeks.

As 2016 comes to a close, many business owners are seeking tax opportunities to take advantage of before the next year begins.

For 2017, carryover from 2016 not only includes the usual reporting and compliance issues related to the tax year just ending, but also those tax changes and issues begun in 2016 that are by no means finished at year's end.

The IRS is wasting taxpayer dollars on employee travel, according to a new report from the Senate Finance Committee.

When snow removal is taxable, and other highlights of some of our favorite tax-related blogs from the past week.

The IRS has set prescribed rates for federal income tax purposes in Revenue Ruling 2017-02.

The IRS's annually updated standard mileage rates for deducting costs of operating an automobile come with some important rules.

Bloomberg BNA’s Daily Tax Report released its 2017 Outlook, forecasting major changes to tax and accounting policies under the incoming Trump Administration and a Republican Congress.

Tax professionals can make use of some tried and true tax strategies, but only for next tax season.

Highlights of some of our favorite tax-related blogs from the past week.

IRS issues 2017 optional standard mileage rates for deductible costs of operating an automobile.