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...

The Employee Retention Credit (ERC) has been a vital relief measure for businesses during the COVID-19 pandemic. Unfortunately, scammers...

IRS Commissioner Daniel Werfel defended the agency's budget during a congressional hearing last month, following the passage of a House...

The pandemic resulted in a surge of remote work for millions of Americans, leading many companies to adopt telecommuting. Initially...

Grantor trusts offer numerous benefits and often serve as the foundation for many estate plans. They allow you to conduct transactions...

In a report to the Secretary of the Treasury, the Internal Revenue Service unveiled its strategic operating plan for the next decade,...

As the banking crisis intensifies, small business owners are increasingly concerned that their lines of credit may be canceled, with...

Earlier this month, lawmakers introduced two new pieces of legislation in the Senate with the aim of increasing corporate financial...

As remote-working blurs the lines between work, residency, and time off, national tax authorities and the Organization for Economic...

The Internal Revenue Service is cautioning taxpayers to beware of a new scam involving Form W-2. Fraudsters are urging people to use wage...

As Southern California braced for blizzards, including in the mountains outside Los Angeles, for the first time since 1989, the IRS...

Last month, President Joe Biden's State of the Union address was marked with frequent outbursts from lawmakers as he urged Congress to...

With the annual rite of filing a federal tax return in full swing, millions of Americans will need to adjust their expectations. Before...

The Internal Revenue Service and the Treasury Department issued Revenue Procedure 2023-11 during the last week of December after a...

Last Friday, February 3rd, The IRS sent out a statement asking millions of taxpayers in 22 states who received tax rebates last year to...

On January 23rd, 2023, the legislature passed a bill, the "Fair Tax Act," to strip the extra $80 billion for IRS funding for enforcement...

Before the Tax Cuts and Jobs Act was enacted in December 2017, many Fortune Global 500 companies had moved their headquarters outside the...

The Internal Revenue Service announced that California storm victims now have until May 15, 2023, to file various federal individual and...

At the end of 2022, The Internal Revenue Service reported they received more than $4.9 trillion in tax revenue for fiscal year 2022, and...