The Internal Revenue Service (IRS) has initiated a voluntary disclosure program targeting businesses that erroneously claimed the...

The U.S. Supreme Court's review of a significant tax case raises questions about the constitutionality of a wealth tax on America's...

The Internal Revenue Service (IRS) is working to overcome numerous challenges, a task that the extra funding from the Inflation Reduction...

The Internal Revenue Service (IRS) has introduced a solution for employers to retract inaccurate Employee Retention Credit (ERC) claims,...

Starting January 1, 2024, the Internal Revenue Service (IRS) mandates that businesses electronically file Form 8300, which reports any...

Congress members are pressing the Internal Revenue Service (IRS) for explanations regarding the backlog of Employee Retention Credit...

Steve Cohen, the billionaire owner of the New York Mets and Point72 Asset Management, has launched a legal challenge against the Internal...

On September 14th, the Internal Revenue Service (IRS) suspended the processing of new Employee Retention Credit (ERC) claims until the...

Due to a recent software glitch, the Internal Revenue Service (IRS) accidentally issued late-filing notices to many retirement plan...

Frank Butselaar, a Dutch tax consultant with high-profile clients from the DJ and fashion worlds, is facing charges of devising a scheme...

At a recent congressional hearing, tax professionals and other experts voiced their concerns over the Employee Retention Tax Credit...

In the final week of June, the Internal Revenue Service (IRS) released provisional guidance about the newly introduced 1% excise tax on...

Multinational corporations resist regulatory obligations to report taxes paid in each jurisdiction. Meanwhile, Australian regulators have...

The IRS's Revenue Ruling 2023-2, issued in March, significantly impacts estate planning, particularly in relation to irrevocable trusts....

The Internal Revenue Service (IRS) is taking a unique initiative by sending an additional round of mail to taxpayers in various states...

In today's increasingly digitized world, working from home has become a new norm for many professionals. However, transitioning from an...

The COVID-19 pandemic has had a profound impact on businesses worldwide, leading to unprecedented challenges in maintaining workforce...

In today's digital age, businesses face an ever-evolving landscape of security threats and compliance requirements. Back-office...

U.S. citizens, resident aliens, and dual citizens living and working overseas, as well as U.S. military personnel stationed abroad, are...

The Simplify Automatic Filing Extensions (SAFE) Act of 2023, or H.R. 3566, was put forward by Rep. Judy Chu, D-California, and Mike...