Tax

The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs.

The service is beefing up the security requirements for tax pros using its system for electronically filing information returns.

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper.

Former Treasury officials say both parties should agree to increase money for the agency.

For rent; lien on me; really creative; and other highlights of recent tax cases.

The contest aims to reward Aussie small businesses for the emotional costs incurred during this difficult tax season.

The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related to the expanded Child Tax Credit in which fraudsters are trying to steal money and personal information.

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties.

The service didn’t flag hundreds of millions of dollars of unsupported deductions.

The company automates all aspects of cryptocurrency tax compliance, and is looking at a valuation north of $1 billion.