These red flags that can trigger an IRS tax audit are ‘low hanging fruit,' expert says
IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...
Accounting Today1d
House committee advances IRS legislation
The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the ...
What is the IRS three-year rule and how does it affect your taxes?
The three-year rule could play a role in your ability to claim tax money that you're owed by the IRS. Pamela Albin Moore/ .
JD Supra2d
Final and Proposed Regulations for Retirement and Health Plans
Prior to the end of the Biden administration, a number of proposed and final regulations were issued that impact retirement and welfare benefit ...
JD Supra2d
Proposed Regulations Issued Under Internal Revenue Code § 162(m)
In the last few days preceding President Donald Trump’s inauguration, the IRS under the Biden administration proposed regulations to implement amendments to Internal Revenue Code § 162(m) that were ...
JD Supra2d
Tech-Neutral Credits Final Regulations Released for Clean Electricity Production
The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for two new tax credits under ...
JD Supra2d
Treasury and IRS Release Guidance on Clean Fuel Production Credit
The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have released a notice of intent to propose regulations and ...
The IRS Is Watching: 5 Red Flags That Could Trigger an Audit
The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...
The Harvard Crimson3d
Republicans Are Floating Plans To Raise the Endowment Tax. Here’s What You Need To Know.
Rep. Mike V. Lawler (R-N.Y.), an ally of President Donald Trump, became the latest Republican lawmaker to introduce an endowment tax on Friday, proposing an 8.6 percent tax hike for Harvard and other ...
shorenewsnetwork3d
Congress introduces bill to block tax deductions for gender transition and abortion-related reimbursements
Rep. Brian Mast (R-FL) has introduced a bill that would amend the Internal Revenue Code to prohibit businesses from claiming tax deductions ...
FedScoop3d
Federal workforce cuts would curb IRS modernization, former National Taxpayer Advocate says
House Oversight Democrats raised concerns about the future of modernization at the agency and DOGE access to Treasury ...
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IRS modifies tax refund criteria due to immigration policies: What you should keep in mind
In a groundbreaking move, the Department of Homeland Security (DHS) has proposed a collaboration between the IRS's Criminal ...