In its new report, the IRS estimates that: The gross tax gap was $708 billion for 2021 and $696 billion in 2022; after ...

A field operations unit, announced last fall, has started work in the Internal Revenue Service's Large Business and ...

The IRS’s Revenue Procedure 2024-40 outlines crucial adjustments for tax year 2025, including updated tax brackets.

CHIPS ITC offers businesses a tax credit equivalent to 25 percent of the basis of property qualified as an advanced ...

Partnering with software firm UiPath, the agency has tapped software robots to complete previously manual tasks, IRS CFO Teresa Hunter said Tuesday.

Coca-Cola ‘strongly believes’ the IRS and the Tax Court misinterpreted and misapplied the applicable regulations for its TP ...

Despite an investigation proving Yates was the victim of a crime, Wells Fargo refused to reimburse him. 7 On Your Side ...

The American Institute of CPAs sent the letter to the Treasury Department and IRS in response to earlier notices about 280E ...

(CNN)– The Internal Revenue Service has announced some notable changes for tax year 2025. New tax brackets reflect an ...

On September 12, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued long-awaited ...

Representative Chrissy Houlahan (D-PA) has announced the Internal Revenue Service‘s (IRS) plan to fully reopen the Reading ...

In potentially welcome news for public institutions of higher education, in Notice 2024-73, the Internal Revenue Service (IRS) confirmed that the ...