President Trump’s “special government employee,” Elon Musk, announced on Monday that he has dissolved the Internal Revenue ...

The annual IRS priority guidance plan lays out key areas for Treasury and the IRS. Comparing the 2023-2024 and 2024-2025 PGPs yields clues about what to expect in 2025. The initial PGP is ...

During more than a decade in Congress, from January 2011 to January 2023, Long co-sponsored bills that would have curbed financial reporting to the IRS, ended the estate tax and replaced income ...

The agency announced guidance on the federal tax status of these state “stimulus” and other special payments made to individuals. The guidance, which applies to payments received in 2023 ...

This means, for example, that the Feb. 15, 2024, deadline will now apply to: • Individuals who had a valid extension to file their 2022 return due to run out on Oct. 16, 2023. The IRS noted ...

Most taxpayers over 65 will only be able to take an additional $1,500 through the standard deduction when they file 2023 tax returns in 2024. Not to mention those increased benefits could get ...

The IRS placed a moratorium on processing new claims in September 2023, and in mid-2024 began processing claims submitted between that month and Jan. 31, 2024. The goal, IRS Commissioner Danny ...

Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March 2023, changes how the step-up ...