Taxes
Lawmakers Urge the IRS to Crack Down on ‘Wealthy Tax Cheats’
IRS data from 2017 to 2020 reveal that 1.4 million wealthy individuals failed to file federal tax returns—about $65.7 billion in unpaid taxes.
What You Need to Know About Taylor Swift Tickets and a New IRS Rule
Here’s what you need to know about how reselling concert tickets (not just those for Swift’s Eras Tour) might impact your tax bill.
Three Complex Tax Issues Businesses are Facing Now
There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season.
Student Loan Payments Resume for Millions of Americans
Individuals with federal student loans must begin planning to start repaying these debts for the first time in more than three years.
Louisiana Tax Relief Granted by IRS After Seawater Intrusion
The agency has granted Louisiana tax relief to affected taxpayers following seawater intrusion of the Mississippi River.
IRS Adds Features to Tax Pro Account for Managing Client Authorizations
New additions to Tax Pro Account, available through IRS.gov, will help practitioners manage their active client authorizations on file with the Centralized Authorization File (CAF) database.
House and Senate Pass Last-Minute Bill to Avoid Government Shutdown
The Senate overwhelmingly passed bipartisan legislation Saturday to avoid a disruptive U.S. government shutdown, sending the bill to President Joe Biden for his expected signature just hours before a midnight deadline.
Pop Singer Shakira Charged with Tax Evasion for Second Time
Spanish prosecutors claim she failed to pay $7.1 million in taxes in 2018 and is using an offshore company to avoid paying taxes.