Tax News

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and ways to avoid them.

The Internal Revenue Service has updated its whistleblower award form for tipping off the IRS about tax violations and applying for a monetary reward for the information.

The measure would have allowed the city council to increase transfer levies on upmarket residential and commercial property sales.

Notice 2024-30 expands rules for determining an "energy community," among other things.

An unlikely pair of senators is teaming up to propose legislation to eliminate tax breaks for corporate M&A activity.

The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.

The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more than $1 billion since the agency instituted a processing moratorium.

Dan Rotta, 77, was charged in Miami with hiding assets from the IRS in two dozen secret Swiss accounts between 1985 and 2020.

The gang's all here; not in good hands; lack of redemption; and other highlights of recent tax cases.