IRS

The United States Department of the Treasury and the Internal Revenue Service (IRS) have recently published proposed laws regarding the taxation of digital assets.  This development is crucial in the realm of cryptocurrency taxes since…

People with modest to moderate incomes can use Roth IRAs to assist in their retirement savings.  Contributions are not deductible for tax purposes, but earnings grow tax-free, and withdrawals are also tax-free as long as you adhere to…

In the wake of the devastating wildfires that swept through parts of Hawaii starting on August 8, the Internal Revenue Service (IRS) has announced a significant tax relief initiative for the affected individuals and businesses.  This…

According to documents submitted to the US Tax Court, the Internal Revenue Service is charged with retroactively applying suggested fines to three corporations that lead to investigation. The three companies claim in tax court documents…

The Internal Revenue Service (IRS) has undergone a significant transformation over the past year, thanks to increased funding authorized by the Inflation Reduction Act.  This boost in funding has facilitated the hiring of additional…

Florida Governor Ron DeSantis's entry into politics has triggered focus and inquiries into public resource distribution. Taxpayer-funded security for DeSantis has surged to a staggering $8 million, coinciding with the launch of his…

The Treasury Inspector General's office has disclosed that the Internal Revenue Service (IRS) has suffered a significant loss of sensitive tax records, amounting to millions of crucial documents.  The breach, which highlights serious…

President Joe Biden has announced a daring plan to cut the deficit by $2.6 trillion in a ground-breaking initiative to address the growing U.S. deficit. The centerpiece of this ambitious proposal is to transform the Internal Revenue…