Taxpayers are receiving incorrect mismatch alerts from the Income Tax Department. The department's automated systems are misreading capital gains from unlisted share sales as business income. This is ...
Reassigned employees have been told they will no longer work in IRS IT, and must upload their resumes to be considered for other jobs at the IRS and Treasury.
The article discusses a recent Tax Court decision regarding the tax treatment of payments made to satisfy liabilities in ...
Get the latest federal technology news delivered to your inbox. The Internal Revenue Service Math and Taxpayer Help Act, or IRS MATH Act, is now law after President Donald Trump signed it on Monday.
The Internal Revenue Service Math and Taxpayer Help Act, or IRS MATH Act, is now law after President Donald Trump signed it on Monday. The bipartisan, bicameral proposal is meant to simplify the ...
Thanks to the IRS MATH Act, the IRS must now explain mistakes in plain English, show any adjustments, and put your 60-day appeal deadline front and center. It will be a major upgrade from previously ...
For many Americans, taxes are a once-a-year chore, but the IRS is sending a clear message ahead of filing season: don’t wait. “It’s not too early to get ready for the 2026 tax season,” the agency ...
The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...
The IRS sent layoff notices to almost 1,400 employees, adding to the losses at the agency where 25% of staff had left as of May, according to a court document filed earlier this week in a lawsuit ...
The U.S. Senate on Monday passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998, which, among other changes, requires the IRS to provide taxpayers ...