Tax

The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.

The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.

The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

Your employees' well-being; statutory residency; new blog in town; and other highlights from our favorite tax bloggers.

GOP members of Congress are demanding answers from the service about the backlog in processing claims for the credit, only weeks after the IRS imposed a moratorium.

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

Affected individuals and businesses now have until Feb. 15 next year to file various federal tax returns and make tax payments.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.