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

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

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 ...

On Tuesday, the Internal Revenue Service announced increases to the federal income tax brackets and standard deduction for ...

Certain tax cuts are set to expire at the end of next year, and that could mean 'a mixed bag of pros and cons' according to ...

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

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

A Broward County woman was sentenced to one year in federal prison Tuesday, two months after she admitted to making nearly ...

The tax proposals from Vice President Kamala Harris would, on average, lead to a tax increase for the richest 1 percent of ...

Senator Ron Wyden said Wednesday he has joined Senate and House colleagues to urge the Department of Justice to act against major tax preparation companies illegally sharing protected and sensitive ...

On Tuesday, the Internal Revenue Service announced the annual inflation adjustments for tax year 2025. The document IRS Rev. Proc. 2024-40 provides detailed information on adjustments and changes to ...