WASHINGTON — The Internal Revenue Service today reminded employers and other businesses to file Tax Year 2022 Form W-2 and other wage...

Small businesses that have been hit by the pandemic, inflation, and shipping issues have another challenge to add to their plate: taxes....

Now that the Biden administration has resurrected decades-old Superfund excise taxes on dozens of chemicals and hazardous substances, the...

As soon as taxpayers start filing their tax returns, the question looms large: Where's my refund? That money that the Internal Revenue...

receive scary letters that tell them the IRS intends to lien or levy their property. It’s important to understand the distinction between...

Small business owners often find themselves owing a large tax bill that they cannot afford to pay. It's become common for them to have...

IRS offering Saturday walk-in help this tax season Beginning Feb. 12, taxpayers will be able to have their questions answered in person...

Pause all audits for four months and bring retired people back to work until the agency clears its backlog of tax returns If there is one...

On January 21, 2022, the IRS issued a press release that it plans to hire up to 200 additional attorneys to focus on tax havens, with the...

After issuing a series of taxpayer-friendly rulings, the IRS recently issued guidance limiting the scope of section 1202. Section 1202 is...

The beauty of Combined Federal State Filing is that you don’t have to report the same information twice for your federal and state/local...

An offer in compromise (OIC) is an agreement between the taxpayer and the IRS that settles a tax debt for less than the full amount owed....

The Internal Revenue Service agreed to ease its policies for low-income taxpayers who are trying to settle their tax debts and still get...

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help...

There seems to be an abundance of companies offering debt reduction, debt settlement and debt consolidation programs now. Are there any...

Two years ago, I relocated for my company and rented out my primary residence. My initial plan was for this to be temporary and to...

is a 'deterrent' to rich Americans, Deputy Treasury Secretary says. The IRS's plan to enhance enforcement could bring in as much as $400...

The tax treatment of lawsuit settlements often depends on the wording of the settlement agreement. For example, in Blum v. Commissioner,...

The Senate narrowly averted fiscal calamity Thursday evening in a late-evening vote to raise the federal borrowing limit, but the...

Most legal settlements are taxed, but there is often flexibility and the wording matters. Even legal malpractice settlements are usually...