With health care open season now underway at many workplaces, the Internal Revenue Service recently reminded workers they could be eligible to use tax-free dollars to pay their medical expenses that are not typically covered by other health insurance plans. [...]

With the tax filing season quickly approaching, the Internal Revenue Service is recommending taxpayers take time now to figure out if they are eligible for important tax credits. This is the second in a series of reminders to help taxpayers [...]

The Internal Revenue Service says taxpayers should act now to avoid a tax-time surprise and ensure smooth processing of their 2019 federal tax return. This is the the beginning of a series of reminders to help taxpayers get ready for [...]

The Internal Revenue Service urges families and teens to keep vigilant and protect personal information while connected to the Internet. While the IRS is making big strides in fighting identity theft and thwarting fraudulent tax returns, help is needed, it [...]

The Internal Revenue Service reminds small business owners who are employers to be aware of the Electronic Federal Tax Payment System and its many features and perks to help them in meeting their tax obligations. EFTPS can help employers regardless [...]

Taxpayers with expiring Individual Taxpayer Identification Numbers also known as ITINs can get their ITINs renewed more quickly and avoid refund delays in 2010 by submitting their renewal application soon, the Internal Revenue Service said. An ITIN is a tax ID [...]

Some good news for farmers and ranchers who were forced to sell livestock due to drought -- they may have an additional year to replace the said livestock and defer tax on any gains from the forced sales, according to [...]

The Internal Revenue Service recently introduced a new set of tax gap estimates on tax years 2011, 2012 and 2013. The results show the nation's tax compliance rate is substantially unchanged from prior years, it said in a news release. [...]

The Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Taxpayers eligible for this offer will be notified by letter with the applicable terms. Taxpayers who [...]

There's new news on the Internal Revenue Service front. The Treasury Department and the IRS recently released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the new 100 percent additional first year depreciation deduction letting businesses [...]