The IRS today has revised “frequently asked questions” (FAQs) on Form 1099-K (Payment Card and Third Party Network Transactions).

Note from the Editor: The current issue of the Federal Tax Alert has a complete rundown of the BOI. This will affect every small business starting January 1, 2024.

Attend the upcoming IRS Nationwide Tax Forums and have access to the latest insights and expertise straight from the IRS.

The IRS encourages electronic payment of any tax due whether it be estimates through EFTPS or Direct Pay at irs.gov or a tax liability on the individual tax return.

Retirees who turned 72 during 2022, and deferred their first required minimum distribution (RMD), are reminded that Saturday, April 1, 2023, is the last day to begin receiving payments from Individ

The IRS posted frequently asked questions (FAQs) that addr

The IRS warns employers to beware of third parties promoting improper Employee Retention Credit (ERC) claims.

NOT REPORTING ILLEGAL INCOME IS A TAX CRIME:

The Treasury Department has released details of President’s Biden vision for reducing the federal deficit by increasing taxes on wealthy individuals and large corporations.