News

1️⃣ Stuck in limbo: The uncertainty alarms a lot of people, including a Florida man who was diagnosed with early onset ...
Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal year 2023, according to IRS ...
The IRS can impose penalties reaching up to $100,000, making it essential to understand the importance of timely filing.
IRS audits are increasing in 2025 as the future of the Direct File program remains uncertain. Here's how both changes will ...
But there is some historical precedent for stripping a school of its tax-exempt status — a measure that would have crippling effects, making the university’s endowment income taxable and disallowing ...
Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...
The IRS doesn’t consider freeloading relatives as one of the hardships that can modify the home sales exclusion rules.
The IRS highlights key forms and tips for tax-exempt organizations ahead of the May 15 filing deadline. Here's what you need ...
Leadership churn, worker exodus, and threats to groups’ tax-exempt status could hinder taxpayer services and collection ...
The request, spelled out in an email obtained by ProPublica, comes amid concerns that DOGE has overstepped its bounds in ...
Taxpayers who fail to file foreign information returns run the risk of an unlimited IRS audit period under section 6501(c)(8) ...
If more undocumented immigrants stop filing and begin working outside of the traditional payroll system, the annual gap ...