IRS
Two Supreme Court Cases Could Change the Tax Landscape
The Supreme Court’s new term started October 2, and there are some interesting tax-related cases on its docket.
Stressing About RMDs? Here Are Two Ways to Reduce or Even Eliminate Them
How might required minimum distributions affect your retirement, your tax situation, and your legacy with loved ones?
Treasury Releases Guidance for New EV Tax Credits
The consumer discount is one of the significant changes to electric vehicle tax credits implemented under the Inflation Reduction Act.
Report Claims Giuliani Owes Nearly $550,000 in Back Taxes to IRS
According to a report, former New York City mayor Rudolph Giuliani owes $549,435.26 in unpaid taxes and, as a result, the agency has placed a tax lien on a condo he owns in south Florida.
Be on the Lookout for Art Donation Tax Scams, IRS Says
Taxpayers, particularly wealthy filers, were warned Thursday about scams involving exaggerated art donation deductions.
IRS Cuts PTIN Fees for 2024
The IRS is slashing the costs for paid tax return preparers to renew their preparer tax identification numbers in 2024 by nearly 36%.
Why a Wealth Tax Would Be Horrible for American Taxpayers
An upcoming Supreme Court case about unrealized gains could decide the fate of a potential federal wealth tax.
Lawmakers Urge the IRS to Crack Down on ‘Wealthy Tax Cheats’
IRS data from 2017 to 2020 reveal that 1.4 million wealthy individuals failed to file federal tax returns—about $65.7 billion in unpaid taxes.