IRS

The letter lands in your business mailbox. The return address shows it's from the Internal Revenue Service. Before it's even opened, nervousness sets in.

On the Wednesday before Super Bowl XLVIII between the Seattle Seahawks and the Denver Broncos, some in Congress question whether the league that runs the most-watched American sport, which generates as much as $9 billion in revenue each year, is deserving of its nonprofit, tax-exempt status.

The Internal Revenue Service has announced the selection of seven new members for the Information Reporting Program Advisory Committee (IRPAC)

Most U.S. taxpayers must secure health insurance coverage this year whether they want to or not. But the IRS and Treasury Department have clarified several exceptions to the rules in new proposed regulations relating to the health insurance mandate for individuals.

Tax season has always been a tempting time for many unsavory people to try to scam others. The addition of online self-preparation and identity theft has only made the problem worse.

You probably know that non-exempt employees are covered under FLSA, which imposes requirements for overtime and other aspects of employment. Exempt employees, on the other hand, are not subject to FLSA.

Unless you’ve been living under a rock the last few years, you’re well-aware that the massive health care legislation known informally as “Obamacare” by both its detractors and proponents remains the law of the land.

Responding to a Freedom of Information Act request, the IRS has released a series of documents, including training materials used by agents relating to how it recognizes and treats exempt organizations like nonprofits.