The IRS acknowledged that new tax provisions could affect federal taxes, credits, and deductions. The start of filing season is in line with previous years.

The IRS said it will begin accepting business tax returns electronically next week. No date has been announced yet for individual tax returns.

The recommendation aims to cut delays that leave taxpayers uncertain about disaster related replacement deadlines for ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

Final regulations prohibiting a federal charitable deduction for contributions to a state or local fund for which the donor receives a state or local tax credit are upheld under a Loper Bright ...

A district court held that the government violated a taxpayer’s Seventh Amendment right to a civil jury trial in an FBAR case ...

When clients go bankrupt, CPAs face major liability risks. Learn how to spot red flags and help protect your firm from costly ...

The Third Circuit held that the intent necessary to apply the extended assessment period for a false or fraudulent return ...

Follow these tips to help clients draw down their retirement funds in a tax-efficient manner and avoid common mistakes.