TAX NEWS
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- The IRS is seeking new special agents to handle complex financial investigations and protect the tax system's integrity.
- The IRS and Treasury proposed a rule blocking up to 700,000 noncitizen filers from refundable tax credits like the EITC. See who could lose refunds.
- Each tax compliance report includes an IRS digital certificate verifying its authenticity.
- Revised FAQs for the business interest deduction explain changes to adjusted taxable income, floor plan financing, capitalization rules, and CFC inclusions.
- The IRS has clarified that “no tax on overtime” is a deduction, not a blanket exemption from federal taxes on overtime wages.Generally, only the premium po …
- Most retirees scrambling to cover missed quarterly tax payments assume they have run out of options by December, but the IRS treats one common year-end transaction in a way that quietly rewrites the …
- The agency wants to raise the health giant's taxable income for four straight years. Neither side will say how much is at stake.
- Taxpayers who were unsure whether they qualified or how much they could claim will likely have an easier time when they file their 2026 tax returns, experts say.
- There will now be more online options for small business owners and other Business Tax Account users to make tax payments and view IRS notices, the IRS announced August 6. The agency said it has added …
- Many investors who hold cryptocurrency like bitcoin and ether have a difficult time figuring out how much tax to pay on transactions.