Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...

The call is designed to scare recipients into responding, potentially leading them to reveal personal information under the ...

Updated postmark rules are redefining what we think of as “on time.” This could have big implications for year-end givers and ...

It will take weeks — and probably months — for the Internal Revenue Service to return to full operations after the longest federal government shutdown in U.S. history. Experts said the agency has a ...

Get the latest federal technology news delivered to your inbox. The IRS has notified states that offered the free, government tax filing service known as Direct File in 2025 that the program won’t be ...

These days, we’re all trying to protect our identity from nefarious characters. We regularly have conversations with some of our clients about how they have been contacted by fraudulent characters.

Democrats from the Senate’s powerful tax-writing committee demanded Wednesday that administration officials drop large-scale changes at the Internal Revenue Service that would make it easier to launch ...

The Internal Revenue Service began furloughing nearly half its staff Wednesday because of the ongoing government shutdown, sparking chaos and confusion among employees as the news rippled through ...

The IRS will not immediately be impacted by the partial government shutdown that began on Wednesday, Oct. 1. Congressional leaders failed to agree on funding legislation necessary for the U.S.

Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more. The IRS plan to permanently close the Taxpayer Assistance Center in Bozeman would be a huge loss ...

IRS letters decoded: A visual of the AI assistant tax GPT from Edward Parsons, CPA, transforming complex IRS notices into clear, plain-English steps IRS notices surge in 2025; CPA builds AI tool, like ...