Tax

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…

Massachusetts has enacted an improved Child and Dependent Tax Credit in an effort to provide tax assistance to families and lessen the financial constraints on parents and caregivers.  The move is a response to the economic challenges…

Massachusetts legislators have unveiled a comprehensive tax relief package amounting to a staggering $1 billion.  The initiative is designed to ease the tax burden on individuals and businesses within the state and stimulate economic…

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…

As the tax filing deadline approaches, Californians who endured the impacts of last winter's severe storms are being reminded to complete their tax filings.  The lingering effects of the storms have left many residents facing financial…

The IRS has released game-changing guidelines affecting ticket resale markets and impacting many Americans involved. The guidelines provide clarity on tax obligations related to ticket sales in the secondary market. Previously, there had…

The Internal Revenue Service (IRS) is ramping up its efforts to ensure compliance in the ticket resale industry, intensifying scrutiny on income generated by ticket resellers. In a move aimed at enhancing tax enforcement and fostering…

An IRS official has confirmed that Washington, D.C., and California prosecutors have declined to pursue a case involving Hunter Biden's alleged tax irregularities and financial improprieties. The decision comes after months of…