IRS

Maryland Congressional leaders ask the IRS to remove tax penalties on educational savings accounts in order to reduce the financial burden on those who own college trust accounts. College trust accounts, such as 529 plans, are widely…

Tax authorities have announced an extension of tax deadlines, providing both corporate and personal taxpayers with additional time to meet their tax obligations.  This decision comes amidst the ongoing challenges posed by the global…

Tax season can be a stressful time for many Americans, and sometimes you may find yourself needing more time to get your finances in order.  That's where a tax extension comes into play. A tax extension is essentially a lifeline that…

A contractor employed by the Internal Revenue Service (IRS) is facing allegations of stealing sensitive tax information belonging to a high-ranking government official.  The incident has raised concerns about data security and privacy…

Government officials are urgently encouraging millions of taxpayers to register and file their tax returns before the approaching deadline to avoid possible penalties and fines. The HM Revenue and Customs (HMRC) has issued a stern…

IRS contractor is now facing legal charges for an alleged leak of sensitive tax return information belonging to affluent individuals.  The incident has raised significant concerns about the security and privacy of taxpayer data. IRS and…

The IRS and Treasury have issued guidance on the Energy Efficient Home Tax Credit to encourage eco-friendly home upgrades and support sustainability efforts. This tax credit, which was established as part of recent legislative efforts to…

The IRS has recently announced a significant adjustment in its audit focus, particularly highlighting key details that pertain to low- and moderate-income taxpayers.  This shift aims to address tax fairness and ensure compliance without…