Tax

The IRS says taxpayers in Maine and Massachusetts who were hit by the hurricane now have until Feb. 15 to file and pay some taxes.

The would-be Republican candidate is proposed eliminating the state and local tax deduction entirely, among other things.

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

LBMC and Wilkin & Guttenplan both announce next managing partners; CohnReznick names cannabis industry practice leader; and more news from around the profession.

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.

The service is encouraging employers to work with qualified tax professionals rather than shady promoters.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.