IRS announces sweeping effort to restore fairness to tax system …
WEBThe IRS announced a sweeping effort to restore fairness to tax compliance with Inflation Reduction Act funding. It will focus on high-income, partnerships, corporations and promoters abusing tax rules, while ensuring no change for low-income and EITC filers.
Tax updates and news from the IRS | Internal Revenue Service
WEBFind out the latest IRS news and updates on tax credits, filing and penalties for 2023 and beyond. Learn about the Inflation Reduction Act, the Employee Retention Credit, the standard mileage rates, the clean vehicle and energy credits and more.
IRS helps taxpayers by providing penalty relief on nearly 5 million ...
WEBDec 19, 2023 · Eligible taxpayers include individuals, businesses, trusts, estates and tax-exempt organizations that filed certain Forms 1040, 1120, 1041 and 990-T income tax returns for tax years 2020 or 2021, with an assessed tax of less than $100,000, and that were in the IRS collection notice process -- or were issued an …
Tax News - The Tax Adviser
WEBAug 19, 2024 · Find out the latest news and developments on tax issues, such as crowdfunding, student loans, retirement plans, digital assets, and more. The Tax Adviser is the AICPA's monthly journal of tax planning, trends, and techniques.
IRS to raise $50 billion over 10 years by closing loophole ... - NBC News
WEBThe IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such...
Tax News | Today's Latest Stories | Reuters
WEBSep 13, 2024 · The U.S. Treasury on Thursday announced new proposed rules for a new corporate alternative minimum tax that is expected to generate $250 billion in U.S. revenues over 10 years from about 100 large ...
How Trump Could Upend Taxation in America - The New York Times
WEB11 hours ago · The Congressional Budget Office estimated in 2022 that a 5 percent value-added tax imposed on a broad base of goods and services could raise more than $3 trillion over 10 years. “The reason I ...
Tax revenue jumps 22% in April, but U.S. deficit still looms : NPR
WEBMay 10, 2024 · The U.S. Treasury ran a surplus in April, as tax payments jumped by 22% from a year ago. The federal government is still on track to run a deficit of more than $1.5 trillion this year.
Daily Tax Report - Bloomberg Tax
WEBGet the latest news and insights on US and global tax policy, legislation, and litigation. Read stories on opportunity zones, carbon taxes, transfer pricing, international tax reform, and more.
Taxes News, Tips and Special Reports - CNBC
WEBFind the latest news and analysis on taxes, tax policy, tax breaks and tax planning from CNBC. Learn how the 2024 election, the IRS, the child tax credit, the capital gains tax and more could...