The Internal Revenue Service has updated frequently asked questions in Fact Sheet 2024-15 to addresses the federal income tax treatment

The annual Data Book, issued by the IRS details the agency’s activities during fiscal year 2023 (October.

Have your clients sent you a notice they received and you were unable to determine the problem?

The Service has issued Notice 2024-35 which provides relief with respect to certain required minimum distributions (RMDs) that are not ma

What is the “Green Book?”

With the April tax filing deadline here, the Internal Revenue Service highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during the 2024 filing seaso

Based on information provided by “Tax Practice News” the accounting profession’s staffing shortage has finally reached critical status after nearly a decade of declining accounting graduates.

In May 2021, the Department of Justice created the COVID-19 Fraud Enforcement Task Force.

IRS Commissioner Danny Werfel thanked the tax community for their continuing efforts to help taxpayers during this filing season. In a news release, Commissioner Werfel highlighted this: