IRS

The Internal Revenue Service (IRS) and the Justice Department, IRS Commissioner Daniel Werfel announced a renewed effort to combat fraudulent tax preparation practices.  The agency's commitment to addressing this issue is part of a…

California Democrats have achieved a historic win by pushing through a number of tax hike bills over significant resistance from the business community. The measures, which are expected to generate billions of dollars in additional…

US taxpayers are reminded of the approaching IRS tax payment deadline for critical payments as the deadline draws near. September 15, 2023, marks the due date for several tax obligations that individuals, businesses, and self-employed…

The Internal Revenue Service stated on Friday that it will aggressively seek 1,600 millionaires and 75 major business partnerships that owe hundreds of millions of dollars in back taxes. IRS Commissioner Daniel Werfel stated that with…

The Internal Revenue Service (IRS) intended to increase its efforts to collect delinquent taxes from wealthy taxpayers.  The Inflation Reduction Act provides billions in additional funding for this initiative, targeting affluent tax…

Popular state "stimulus" handouts include tax rebates as well as inflation relief payments. In the past year, millions of people in 21 different states got special state payouts.  In the current year, several states are paying out extra…

The IRS informed companies that they can provide up to $5,250 in tax-free educational aid to employees each year.  Employers having educational aid programs, based on the news release, may utilize them to help employees settle their…

As the time approaches for borrowers to resume payments on their federal student loans, the IRS is reminding employers of a valuable way to assist their workforce.  Employers can extend a helping hand to employees confronting educational…