Taxes

While the April 15 tax deadline for most Americans to file their individual annual tax returns has passed, there are several deadlines each year, some for individuals, businesses, nonprofits and even organizations that are tax-exempt.

The FAQs are intended to assist individuals, employers, and retirement plan and IRA service providers, the IRS said.

But the IRS chief emphasized once again that audit rates won't increase for small businesses and taxpayers making under $400,000.

The Biden administration on May 3 gave carmakers a partial reprieve in finalizing electric vehicle tax credit rules.

There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024.

Could tax incentives geared toward turning Hawaii short-term rentals (STRs) into long-term housing increase housing stock and decrease rents for Hawaiians? Governor Josh Green thinks so.

Original documents such as tax returns, Social Security cards, marriage certificates, birth certificates and land ownership documents need to be secured in a waterproof container in a safe space.

The recommendations would simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS.