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Did you know knowing your current federal and state tax brackets is the foundation of tax planning, as it helps determine the impact of various strategies.

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Attention: Taxpayers Who Have Received A Collection Notice From The IRS For Unpaid Back Taxes…

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IRS Is Boosting Its AI Efforts. Lawmakers Cautiously Applaud.

IRS Is Boosting Its AI Efforts. Lawmakers Cautiously Applaud. Lawmakers focusing on the use of artificial intelligence in this Congress say they’re skeptical but optimistic about how the IRS plans to use the technology.

Taxing Tips: Untangling the Hairy Situation Between Beauty Salons, Restaurants and the IRS

Taxing Tips: Untangling The Hairy Situation Between Beauty Salons, Restaurants And The IRS. Congress created a big incentive for restaurants and bars to report employees’ tips, which can be good for workers, too—even if many don’t believe it. So why hasn’t it done the same for the largely female-owned beauty industry?

IRS Watches for Misclassified Independent Contractors, but there is a safe harbor rule

IRS Watches for Misclassified Independent Contractors, But There is a Safe Harbor Rule An employer in danger of being assessed back taxes for certain workers may avoid liability if it qualifies for “Section 530 relief.”

Donate Art, Take Big Tax Deduction? IRS issues Stern Warning

Donate Art, Take Big Tax Deduction? IRS Issues Stern Warning There are ways for taxpayers to properly claim donations of art. But how much is art worth? That uncertainty has allowed some tax scams IRS wants to stop.

IRS unveils ‘special withdrawal process’ for small businesses that claimed pandemic-era tax credit

IRS unveils 'special withdrawal process' for small businesses that claimed pandemic-era tax credit The IRS on Thursday announced a special withdrawal process for small businesses that may have wrongly claimed the so-called employee retention tax credit.

The IRS is going after Scammy Firms pushing a small business tax credit

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EV Buyers Can Get Instant $7,5000 Tax Credit Starting in 2024

EV Buyers Can Get Instant $7,500 Tax Credit Starting in 2024 Starting Jan. 1, EV buyers can receive rebates of up to $7,500 right at the dealership

Gap between U.S. Income taxes owed and paid is set to keep growing, the IRS says

Gap between U.S. income taxes owed and paid is set to keep growing, the IRS says For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.

IRS has collected $160 Million in Back Taxes by Cracking Down on Millionaires

IRS has collected $160 million in back taxes by cracking down on millionaires | CNN Politics The Internal Revenue Service has collected $160 million in back taxes this year by cracking down on millionaires who haven’t paid what they owe, the agency said Friday.