Taxes

The tax, which would impact the top 0.05% of the nation’s households, would bring in $3 trillion in revenue over 10 years.

Having basic knowledge of how life’s biggest milestones may impact the way you file your taxes is essential to ensuring that tax season goes smoothly for you and your family.

Stephen Jake McGonigle, 66, was ordered to pay the $1.2 million in restitution that he took from victims in the scheme.

The nation’s lawmakers may allow these provisions to expire as written into the TCJA, extend them indefinitely, for a period of time or even permanently, or otherwise modify them.

Bloomberg Tax & Accounting has launched Bloomberg Tax Workpapers, which streamlines the tax workpapers process with a combination of data prep, spreadsheets, integrated tax guidance, and controls

The president recently introduced several tax proposals targeting big businesses and the wealthiest Americans.

The agency's multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.

The Internal Revenue Service has renewed its message for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims.