The new tax law has changed the energy investing landscape with expanded incentives and permanent tax benefits for oil and ...

The Internal Revenue Service continues to seek feedback regarding the draft instructions for Form 6765 and is extending the dates for reporting requirements related to the Credit for Increasing ...

The American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and ...

If you earn money through a side hustle, run a small business, or get paid through apps like Venmo, PayPal, or Cash App, or sites like eBay, you’ve probably come across a lot of mixed messages about ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.

On October 9th, the IRS announced several inflation adjustments for 2026, including adjustments to the annual contribution ...

Nearly half of the IRS workforce — nearly 34,000 employees — faces furloughs as the government shutdown enters its second week, with the agency rolling out a contingency plan to keep key tax ...

million small-business people face an average $1,500 increase in premium costs for 2026 if enhanced tax credits expire.

The IRS furloughed almost half its workforce as the government shutdown entered its second week, the agency said Wednesday evening in its updated contingency plan. Earlier Wednesday, a public message ...

The IRS should keep all employees on the job even during a government shutdown that extends beyond the five working days covered in the agency’s contingency plan, the AICPA said Friday. The Senate is ...