Tax

The ultra-wealthy are using DAFs and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers.

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

Financial advisors and tax professionals working with entrepreneurs and potential startup investors should consider an often-overlooked exemption, experts say.

While the vast majority of firms said they have branched into that area, the results suggest they may be missing part of the business opportunity.

By focusing on areas where they can drive efficiency, firms can reduce stress in the years ahead.

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

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.