IRS

The Internal Revenue Service has created a "Taxpayer Bill of Rights" that will become a cornerstone document to provide the nation's taxpayers with a better understanding of their rights.

It all has to do with the current tax rules for business entertainment. To be deductible as entertainment that is “associated with” your business, the activity must take place immediately before or after a substantial business discussion. Usually, this means the discussion has to be on the same day as the entertainment, but it could occur either the preceding or following day if the clients are from out of town.

Imprisoned former Rep. Jesse Jackson Jr.'s projected release date is now Sept. 20, 2015, more than three months earlier than listed previously, federal officials confirmed Monday.

The Internal Revenue Service (IRS) has not made enough progress in reducing improper payments of Earned Income Tax Credits (EITC), according to a new report by the Treasury Department agency that oversees the nation's tax collectors.

The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final guidance specifying that a wide range of benefits and services provided by Indian tribal governments qualify for the general welfare exclusion from income. These include programs for housing, education, cultural and religious purposes, and the elderly and disabled, among others.

American taxpayers living abroad generally qualify for an automatic two-month extension to their federal income taxes. Well, that time's almost up. Ex-pat taxpayers are required to file their 2013 federal income tax returns, or extension requests, by Monday, June 16, according to the Internal Revenue Service.

It’s smart to try to get ahead in your field or at least keep pace with the latest developments. So some of your clients may be planning to put down their work tools and pick up books again as another school year beckons. Can a taxpayer deduct any education expenses if he or she is already working? Regardless of your intentions, it all depends on whether or not you pass the tax law test.

The Internal Revenue Service says that interest rates will remain the same for the third calendar quarter of this year, which begins July 1, 2014.