The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview...
Following an Executive Order signed on March 25, 2025, the federal government is transitioning to electronic-only transactions for all payments to and from federal agencies, including the IRS. This change...
The IRS's FY 2024 data offers a revealing glimpse into its evolving tax compliance and enforcement strategies. The latest data reveals key trends in audits, collections, and compliance programs you...
Looking to donate or gift noncash assets? Don't do it without understanding the IRS appraisal rules first! Delve into our article to make sure your generosity won't bring unexpected tax...
The IRS is introducing updates for the 2025 filing season to enhance taxpayer security and prevent refund delays. One key change is that e-filed tax returns claiming dependents listed on...
Significant changes to the IRS's 1099-K reporting thresholds are on the horizon, affecting anyone who uses payment apps or online marketplaces. Starting in 2024, more of your transactions could be...
The IRS reminds IRA owners aged 70½ and older that they can make up to $105,000 in tax-free charitable donations through Qualified Charitable Distributions (QCDs) in 2024, an increase from...
(authored by RSM US LLP) The IRS has announced an effort to combat related party basis shifting transactions that lack economic substance....