Tax

The standard-setter has appointed its technical director as its newest member, succeeding vice chair James Kroeker.

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

There is a distinction between traditional automation and AI that's important, especially in the context of tax management.

The tax preparation chain expects to hire 18,000 people.

The service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

Planners and their clients can use the annual cost-of-living adjustments as a helpful reminder to consider tweaks to retirement savings and strategies, experts said.

Cooling economic growth, tax cuts and weak stock-market performance are big contributors to the drop.

In its annual report, the advisory council recommends that the agency prioritize educating lawmakers.

The IRS and preparers are preparing to navigate the filing season ahead.