Tax laws

What do these changes mean for taxpayers and how can accountants help manage the impact?

The Internal Revenue Service has extended some of the deadlines for qualified intermediaries, withholding foreign partnerships and withholding foreign trusts.

The lower 1099-K threshold will produce millions more forms to be sent to taxpayers, and may prompt many to abandon online marketplaces and gig economy jobs.

A short window won't necessarily stop lawmakers from proposing or introducing new legislation, though — if only to position themselves ahead of next November's election.

The legislation incentivizes consumers to buy energy-efficient electric appliances, clean vehicles, rooftop-solar and home energy storage systems.

Commissioner Werfel encouraged Congress to keep the money coming.

The service is trying to leverage the extra funding to collect more taxes, but has spent surprisingly little so far.

The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.

On his way to law school, Jimmy Chilimigras broke an eight-year record by becoming the youngest student ever to pass the CPA exam.

Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.

The IRS is providing penalty relief to billion-dollar corporations that haven't paid estimated taxes related to the new 15% corporate alternative tax.

A pair of lawmakers proposed to raise the required threshold for reporting on gig payment transactions from $600 to $10,000.

Commissioner Werfel defended the IRS's budget before Congress after House Republicans passed a bill that would eliminate much of its extra funding.

House members introduced legislation to enable actors, musicians and other types of performers to write off their work-related expenses.

The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.

Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.

The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.

It's vital to take a personalized approach to each business to understand their circumstances, help determine whether they're eligible for Disaster ERCs, and accurately calculate potential credits.

The administration is preparing to decide how much American-made equipment must be used in renewable projects.

Members of the House Freedom Caucus are demanding an end to student loan forgiveness, the elimination of the $80 billion expansion of the IRS, and more.