IRS

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…

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…