TAX NEWS
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- The proposed regs apply to taxpayers who sell or exchange farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments.
- A levy on wages is continuous. It keeps taking from every paycheck until the debt is resolved or the levy is released.
- Any taxpayer or entity that the IRS has determined has a debt, a penalty, or a noncompliance subject to a penalty may receive a notice. This may include individuals, self-employed workers, and …
- The Internal Revenue Service's National Distribution Center is experiencing a sharp decline in demand for paper tax products, according to a new report.
- Americans will spend 6.9 billion hours complying with IRS tax filing and reporting requirements in 2026, costing about $387 billion in lost productivity. Including an additional $157 billion in out-of …
- For the first time, the Internal Revenue Service is proposing to ask taxpayers about their citizenship or legal authorization to work when they fill out income tax returns next year. Advocates for …
- Taxpayers may soon need to disclose citizenship status on tax returns to claim certain refundable credits.
- The IRS admitted its conservation easement tax assessments are flawed, creating a new office to address cases affecting 250,000 taxpayers nationwide.
- A new scam offering a fake tax credit is making the rounds, the Internal Revenue Service warned. Promoters are offering "Tribal Tax Credits" that do not exist under federal law, the IRS said in a …
- See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The Internal Revenue Service (IRS) announced a new online "Tax Debt …