IRS

The Internal Revenue Service has automatically extended the tax return filing and payment deadlines for victims of last month’s mudslides and flooding in Washington state. As a result, those taxpayers will have until Oct. 15 to file their returns and pay any taxes due, with no penalties or interest applied.

Have questions about your income taxes? With April 15 only two weeks away and new tax laws like Obamacare, many Americans do, the American Institute of CPAs has some answers.

It's tax season, which is prime time for scammers who would rather be phishing.

Report reveals direction of tax reform debate and how companies can prepare for potential changes.

After working with clients for (mumble) decades, I still don’t know how to resolve this. Unless you think your clients would be receptive to sitting through a course (live or webinar) on “How to be a Tax Client”?

One could say that the automatic tax filing extension is the taxpayer’s best friend – besides being a bosom buddy to tax return preparers – as the tax filing season rushes to a close. And this BFF may be able to do more for you than you think. However, just like most good friends, it’s not without fault.

The Internal Revenue Service today reminded taxpayers who turned 70½ during 2013 that in most cases they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Tuesday, April 1, 2014.

The question has lingered for about two years, but the IRS has finally decided how to treat Bitcoins and other virtual currencies when it comes to taxes.