Tax

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.

The Internal Revenue Service's Criminal Investigation division is targeting illegal activity tied to sports betting as the pro football season gets underway.

Future of contactless prep; reverse convenience; importance of the invoice; and other highlights from our favorite tax bloggers.

Notice 2023-64 offers guidance on the 15% levy on large businesses — and waives some penalties.

The service will need to tread carefully with how it uses artificial intelligence amid growing questions about the reliability of the technology.

The tax-focused financial planning and wealth management company that partners with accounting firms is going private and joining a larger financial firm.

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.

The Internal Revenue Service is leveraging artificial intelligence to detect tax evasion as it uses the extra funding from the Inflation Reduction Act to ramp up compliance efforts.

Strict liabilities; thanks for all the fish; on the beach where he used to run; and other highlights of recent tax cases.

The IRS needed to respond to nearly 800 employee reports of assaults and threats in recent years, according to a new report.