Amidst the modest output of new laws from the 2023 Congress, the influence industry was ablaze, setting a new spending record as lawmakers strategically positioned themselves for forthcoming debates on tax policies…

The IRS Criminal Investigation (CI) division has probed 1,644 cases involving tax and money laundering linked to COVID-related fraud, estimated at a value of $8.9 billion…

The Internal Revenue Service (IRS) announced on Monday that nearly 940,000 individuals in the U.S. are required to file tax returns for the 2020 tax year by May 17…

Starting April 1st, there will be changes to the interest rates for overpayments and underpayments by individuals and corporations…

This $78 billion proposal, which encompasses a range of tax breaks, received approval from the House but awaits consideration by the Senate Finance Committee…

Hawaii taxpayers in Maui and Hawaii counties are receiving tax relief from the IRS amid the wildfires. The relief allows taxpayers until February 15th, 2024 to file various federal individual and business tax returns and make tax payments that would have been due before then…

The IRS plans to achieve completely paperless capabilities by the 2025 filing season, and are hoping to allow taxpayers to digitally submit all agency correspondence by 2024. This will be done in efforts to improve the agency’s technology infrastructure, client service, and other activities…

In June, the U.S. Securities and Exchange Commission (SEC) asked Coinbase to only trade in bitcoin, excluding all other cryptocurrencies, before suing the cryptocurrency platform…

Effective immediately, the IRS has ended unannounced visits to taxpayers’ homes in an effort to protect agency revenue officers amid safety concerns. The agency now has an alternative method for collecting tax debt.