Income Tax

The agency provided an update July 25 on its Strategic Operating Plan, which sets out several priorities for the IRS to accomplish.

Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.

Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.

Individual and business taxpayers in 67 counties now have until Feb. 3, 2025, to file their returns and make tax payments.

Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?

The decision in Connelly v. United States last month impacts certain types of smaller businesses, in particular closely held companies.

Weisselberg, who was sentenced to five months in jail earlier this year after pleading guilty to perjury, was freed for good behavior.

As of July 14, taxpayers must sign in or register with either Login.gov or ID.me to access the FATCA registration system.