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 [...]

The Internal Revenue Service said its new Tax Withholding Estimator tool includes a feature designed to make it easier for employees who also receive self-employment income to accurately estimate the correct amount of tax to have taken out of their [...]

Whether you live in Florida where hurricanes are common or someplace else the Internal Revenue Service encourages you to prepare for a natural disaster. For example, as Dorian threatens and with the peak of hurricane season just ahead it's important [...]

The Internal Revenue Service and its Security Summit partners continue warning vulnerable taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally via email. Remember: the Internal Revenue Service does not send unsolicited emails and never emails [...]

The IRS is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver to tax accounts [...]

The Internal Revenue Service wants taxpayers to resolve their significant tax debts to avoid passport revocation. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS [...]

Calling all heavy vehicle operators: the Internal Revenue Service has issued an important reminder for owners of most heavy highway vehicles that the time to file what is referred to as Form 2290, Heavy Highway Vehicle Use Tax Return, began [...]

The IRS, state tax agencies and the nation’s tax industry reminds all “professional tax preparers” that federal law requires them to create a written information security plan to protect their clients’ data. The reminder came as the IRS and its [...]

Using a new “Taxes-Security-Together” Checklist, the Internal Revenue Service and the Security Summit partners urged tax professionals to review critical security steps to ensure they are fully protecting their computers and email, as well as safeguarding sensitive taxpayer data. The [...]

Buying your first home? Working a summer retail ob? Volunteering at the local YMCA? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe [...]