Employee retention credits (ERCs) have been a critical financial lifeline for businesses dealing with the effects of COVID-19. Designed to ...

Churches are allowed to host political events and speak about issues – they just can’t endorse candidates. But a new ...

On October 7, 2024, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed ...

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

BBK recently released a two-part series discussing the Corporate Transparency Act (“CTA”) – new legislation enacted by Congress in January 2021, ...

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A program that helps taxpayers resolve disputes with the IRS has seen a big jump in case receipts in the last fiscal year, an official at the agency said Thursday.

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

There could be some changes coming to your taxes for 2025. An IRS spokesperson says the IRS does this annually to keep up ...

Have you come across the surprising IRS tax bracket changes for 2025? Yesterday, the IRS released the 2025 income tax ...

In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service today cautioned South Carolina taxpayers of scammers who use fake charities to gather sensitive personal and financial ...

An audit is less dramatic than it appears in the movies – here's what to expect and how to help it go smoothly.