Tax

New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more.

Despite strong efforts by the service, the pandemic claimed dozens of its employee, according to a TIGTA report.

CTC scams already; inequitable ACA; pandemic’s effects on states remain unclear; and other highlights from our favorite tax bloggers.

OZ funds can make a good investment better, but they can’t make a bad investment a good one.

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.