IRS
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Maryland Joins IRS Direct File Program For 2025
About 700,000 filers in Maryland are expected to be able to use the free tax filing service from the IRS, state officials said.
IRS Unsure If Audit Rates for Taxpayers With Incomes Below $400K Comply With Treasury Directive
After the Inflation Reduction Act was enacted, the IRS was ordered to not increase audits on those earning below $400,000 a year.
IRS Issues Regs on Changing Accounting Method For Research Expenses
The regs pertain to the automatic consent to change accounting methods for expenditures paid or incurred after Dec. 31, 2021.
Businesses Should Have a Disaster Readiness Plan in Place
Taxpayers can begin getting ready for a disaster with a preparedness plan that includes protecting and duplicating essential documents, creating lists of property and knowing where to find information if needed.
Which States Are the ‘Rich’ Millennials Moving To?
Millennials with annual incomes above $200,000 are leaving states like New York and California in droves, a new analysis shows.
Taxbit Rolls Out 1099-DA Support
Taxbit's scalable platform is designed to adapt to the evolving complexities of digital asset reporting, the company said Aug. 27.
IRS Highlights New Payment Options Within Business Tax Account Tool
Business tax account was launched last October as part of the agency's service improvement initiative under the Inflation Reduction Act.
Interest Rates to Stay Unchanged for Q4 of 2024, IRS Says
Starting on Oct. 1, the rate for tax overpayments and underpayments for individuals will be 8% per year, compounded daily.