The Internal Revenue Service reminds taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Following special tax law changes made earlier this year, cash donations [...]

The Internal Revenue Service has released the Criminal Investigation Division's annual report highlighting the agency's successes and criminal enforcement actions taken in the fiscal year 2020, the majority of which occurred during COVID-19. A key achievement was the identification of [...]

Moving to protect business taxpayers from identity theft, the Internal Revenue Service recently announced starting Dec. 13 it will begin masking sensitive data on business tax transcripts. The announcement provides 30 days for stakeholders to make any adjustments. The IRS [...]

Are you a college student looking for cash? The Internal Revenue Service urges any eligible self-supporting college student who doesn't need to file a tax return to register by Nov. 21 so they can receive an Economic Impact Payment before [...]

There is some good news in terms of tax inflation adjustments for 2021 as the Internal Revenue Service recently announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other [...]

Good news: victims of the California wildfires that began on Sept. 4 now have until Jan. 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service said. The IRS is offering this [...]

Whether it's due to COVID-19 or you're simply retiring, closing a business is always a difficult decision regardless of the circumstances. With this in mind, the Internal Revenue Service has some tips on how to help business owners take the [...]

It's time: the Internal Revenue Service reminds taxpayers who filed an extension that the Oct. 15 due to date to file their 2019 tax return is approaching. Taxpayers should file their tax returns on or before the Oct. 15 deadline. [...]

As the Internal Revenue Service continues combatting abusive syndicated conservation easements, the agency recently released additional information to help address questions related to the ongoing settlement initiative. For example, Internal Revenue Service Chief Counsel released Chief Counsel Notice 2021-001 PDF ("CC Notice"), [...]

Good news: the Internal Revenue Service reminds business owners and self-employed individuals of the employer credits available to them during COVID-19. These credits were specially created to help small business owners during this unprecedented time. During Small Business Week, the [...]