IRS
IRS Puts Off New 1099-K Reporting Rules for Another Year
Online sellers who use a third-party payment app will get a tax reprieve as the IRS will postpone the new $600 reporting threshold.
Why Small Business Owners Should Sign Up for the New IRS Business Tax Account
A new slate of online features—from making payments to viewing tax notices—might finally be available come 2024.
When Will 2024 Tax Refunds Come? 2024 Tax Season Questions.
This easy chart can tell you when you are likely to receive your 2024 income tax refund, if you are due one. E-filing of tax returns will likely start in January.
Tax Interest Rates to Stay the Same in Q1 2024, IRS Says
Beginning on Jan. 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Here Are the 2024 Amounts for Three Family Tax Credits
The IRS has announced inflation-adjusted amounts for several family tax credits and deductions. How much are they worth?
IRS Pressed to Crack Down on Wealthy Tax Cheats in Puerto Rico
Lawmakers are asking the IRS to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico.
IRS Raises Estate Tax Exemption Amount for 2024
A higher exemption means more estates may be exempt from the federal tax, which can save heirs from a hefty tax bill.
TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’
The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.