Tax

The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.

President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic.

President-elect Joe Biden’s $1.9 trillion economic relief proposal serves as the opening salvo in a legislative battle that could be prolonged by the go-big price tag and the inclusion of initiatives opposed by many Republicans.

The Internal Revenue Service’s Criminal Investigation Division issued a warning Thursday about a new wave of COVID-19 scams tied to the latest round of stimulus payments, especially targeting taxpayers in the District of Columbia.

Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.

Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.

Smells fishy; getting the boot; quit the day job; and other highlights of recent tax cases.

The U.S. added Austria, Spain, and the U.K. to the string of countries it says are discriminating against American companies through their decisions to tax local revenue of internet giants such as Facebook Inc.

Thirteen people joined IRSAC, including nine accountants and tax practitioners.