CHICAGO - NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal ... Revenue Service November 1, 2005 in Chicago, Illinois. A presidential panel today recommended…
Congress created a big incentive for restaurants and bars to report employees’ tips, which can be good for workers, too—even if many don’t believe it. So why hasn’t it done…
Internal Revenue Service federal building Washington DC USAgetty An Internal Revenue Service consultant has been charged with disclosing a cache of tax return information without authorization. You can read about…
The IRS encourages all taxpayers to know their representation rights and the different types of authorization for third-party representatives. As a professional tax preparer, you can help your clients understand…
Victims of recent catastrophic flooding in Vermont have additional time to file (and in some cases ... pay) your federal taxes.fake images Flood victims in Vermont now you have until…
The Internal Revenue Service (IRS) recently published a study about the feasibility of a government-run direct filing program for taxpayers ahead of the agency's planned start of a Direct eFile…
As an attorney helping clients with audits, I see simple mistakes turn into big problems. If you are a small business owner, you must follow the record keeping rules and…
A file photo of a Red Audit stamp on a US 1040 individual income tax return. Photographed at 50mp ... with the Canon EOS 5DSR and the 100mm 2.8L lens.Getty…
IRS Lead Counsel Memo 202317020 (March 29, 2023) Available in https://www.irs.gov/pub/irs-wd/202317020.pdf The IRS Office of General Counsel has released a memo that addresses the justification requirements for dependent care and…
Form 8915-F (Qualified Disaster Retirement Plan Distributions and Refunds) and Instructions (Revised January 2023) Shape Instructions The IRS has issued revised Form 8915-F and Instructions for Individual Taxpayers to Report…