In a significant bipartisan move, U.S. lawmakers, spearheaded by Senator Ron Wyden (D., Ore.) and Representative Jason Smith (R., Mo.),...

The Internal Revenue Service (IRS) has initiated a voluntary disclosure program targeting businesses that erroneously claimed the...

The U.S. Supreme Court's review of a significant tax case raises questions about the constitutionality of a wealth tax on America's...

The Internal Revenue Service (IRS) is working to overcome numerous challenges, a task that the extra funding from the Inflation Reduction...

Starting January 1, 2024, the Internal Revenue Service (IRS) mandates that businesses electronically file Form 8300, which reports any...

Steve Cohen, the billionaire owner of the New York Mets and Point72 Asset Management, has launched a legal challenge against the Internal...

Due to a recent software glitch, the Internal Revenue Service (IRS) accidentally issued late-filing notices to many retirement plan...

Frank Butselaar, a Dutch tax consultant with high-profile clients from the DJ and fashion worlds, is facing charges of devising a scheme...

In the final week of June, the Internal Revenue Service (IRS) released provisional guidance about the newly introduced 1% excise tax on...

Multinational corporations resist regulatory obligations to report taxes paid in each jurisdiction. Meanwhile, Australian regulators have...

The IRS's Revenue Ruling 2023-2, issued in March, significantly impacts estate planning, particularly in relation to irrevocable trusts....

The Internal Revenue Service (IRS) is taking a unique initiative by sending an additional round of mail to taxpayers in various states...

As banks impose stricter lending standards, small businesses are feeling the pressure. The task of securing new loans or preserving...

U.S. citizens, resident aliens, and dual citizens living and working overseas, as well as U.S. military personnel stationed abroad, are...

The Employee Retention Credit (ERC) was created to support businesses and their employees during the COVID-19 pandemic, offering tax...

The Simplify Automatic Filing Extensions (SAFE) Act of 2023, or H.R. 3566, was put forward by Rep. Judy Chu, D-California, and Mike...

Partnering with an experienced and qualified Certified Public Accountant (CPA) for Employee Retention Credit (ERC) offers several...

Global music icon and business mogul, Beyoncé Knowles-Carter, also known as Queen Bey, has taken a stand against the U.S. Internal...

The COVID-19 pandemic had a significant impact on businesses across the globe. In response to these unprecedented challenges, the U.S....

Recently, key Republican Senators including John Thune of South Dakota, Mitch McConnell of Kentucky, and Mike Crapo of Idaho have...