Tax News

Reselling Concert and Sports Tickets? Watch Out for this New IRS Rule

The world of ticket reselling, often seen as a quick way to make a profit, is now under the IRS's radar. With the increasing popularity...

IRS Initiates Massive Recruitment: 3,700 Agents to Pursue Affluent Tax Evaders

The IRS initiates massive recruitment of hiring over 3,700 new agents to focus on potential tax violations by affluent Americans. This...

IRS's New AI Strategy: What It Means for Wealthy Taxpayers

The IRS is gearing up with enhanced technology and artificial intelligence to target unpaid taxes from affluent individuals, large...

IRS Tax Relief Measures for South Carolina in the Aftermath of Idalia

In a recent announcement, the Internal Revenue Service (IRS) has offered essential tax relief to individuals and businesses impacted by...

IRS Tax Relief for Idalia-Affected Individuals and Businesses in Florida

The Internal Revenue Service (IRS) has recently announced crucial tax relief measures for individuals and businesses affected by Idalia...

Mandatory Electronic Filing for Form 8300 Reporting Cash Payments Over $10,000

In a significant update, the Internal Revenue Service (IRS) has recently announced a new requirement for businesses regarding Form 8300,...

IRS Announces Interest Rate Increase for Fourth Quarter 2023

The Internal Revenue Service (IRS) has recently announced an important update regarding interest rates that will come into effect for the...

Hawaii Wildfire Victims Receive Tax Relief: Deadlines Postponed

The Internal Revenue Service (IRS) has unveiled substantial tax relief for victims affected by the Hawaii wildfires in Maui and Hawaii...

IRS Encourages Truckers to E-File by August 31 Tax Payment Deadline

The Internal Revenue Service (IRS) is reaching out to truckers with an important update: if you own or operate large trucks and buses...

IRS Offers Tax Relief To Storm Victims In Arkansas, Mississippi, And New York: 05/15/23 & 07/31/23

Severe weather can have a devastating impact on homes, businesses, and communities, leaving behind not only physical and emotional damage...

Biden Aims to Revive Monthly Child Tax Credit Payments In 2024 Budget Plan

At the beginning of March 2023, President Biden's proposed budget for 2024 includes a plan to renew and expand the child tax credit, a...

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