When you can’t pay off your debt, you may settle with the creditor for less than you owe. Here's what you need to know about taxes Read More

A rapper who boasted in a YouTube music video about getting rich from committing unemployment benefits fraud was arrested today on federal charges of carrying out that very scheme by fraudul… Read More

A Michigan man pleaded guilty today to conspiring to defraud the IRS and to steal from an organization receiving federal funds, announced Acting Deputy Assistant Attorney General Stuart M. G… Read More

The gangster who had reportedly boasted, “They can’t collect legal taxes from illegal money” was sentenced to 11 years in prison for failing to file tax returns Read More

Robert T. Brockman, a 79-year-old resident of Texas, and the chairman and CEO of The Reynolds and Reynolds Company, has been accused of hiding over $2 billion in income from the IRS over 20… Read More

Moonshine belonging to Popcorn Sutton became the center of a battle to save the booze Read More

If you, like me, joined millions of other taxpayers in filing for an extension this year, be sure to check your calendar: October 15 is the due date to file your 2019 tax return Read More

The Internal Revenue Service (IRS) is adding barcode technology to its tax notices Read More

The 75 year-old tech guru founded McAfee, Inc., which was once considered the "world’s largest dedicated security technology company." Read More

This new date gives you an additional five weeks beyond the previous October 15, 2020, deadline Read More

The Irish Supreme Court has ruled that the bread used to make Subway sandwiches cannot be defined as bread Read More

I know, they can be scary, but audits are in the news a lot right now, thanks to the New York Times series focusing on President Trump’s taxes Read More

No matter how many times I’ve been asked today to offer my “take” on the returns, I can’t give a more honest answer than, “I haven’t seen the returns.&rdq&hell…Read More

Beginning in January 2021, the Internal Revenue Service (IRS) will expand the voluntary Identity Protection PIN (IP PIN) Read More

The investigation ended up with the Internal Revenue Service – Criminal Investigation (IRS-CI) Read More

The proposal would provide tax deductions for certain business expenses, dependent care expenses, and elementary school education expenses, including virtual and at-home learning Read More

October 15 is the same deadline to file a federal income tax return on extension in any normal year Read More

Last year, the Internal Revenue Service introduced a draft version of a form that we haven’t seen since 1982: Form 1099-NEC, Nonemployee Compensation Read More

The Internal Revenue Service (IRS) has released a new IRS.gov marijuana business webpage to help business owners understand and meet their tax responsibilities Read More

The IRS is now offering cash to anyone who can “reliably produce useful results on a variety of real-world CI cryptocurrency investigations involving Monero and/or Lightning.” Read More

These numbers are to be used for per diem allowances paid to any employee on or after October 1, 2020, for travel away from home Read More

Here's a first look at 2021 tax brackets (and rates), standard deductions, and other cost of living adjustments Read More

The Senate may vote on a revised COVID relief bill as soon as this week Read More

The Internal Revenue Service (IRS) is beginning an outreach program to Americans who typically don't file federal income tax returns and may be eligible for an Economic Impact Payment (EIP… Read More

The earliest national recognition of Labor Day happened on June 28, 1894, when President Grover Cleveland signed a law making it a national holiday Read More

The feds have made another arrest tied to Paycheck Protection Program (PPP) loan fraud Read More

The North Korean cyber actors responsible for the hack stole nearly $250 million worth of virtual currencies, which eventually landed in about 146 virtual currency accounts Read More

Today, the Department of Treasury and Internal Revenue Service (IRS) finally issued official guidance for taxpayers. For many, it raised more questions than answers Read More

The Internal Revenue Service (IRS) has announced that a “small population of employers” may have received notice that they were being assessed a failure to deposit penalty - even… Read More

The IRS has now announced that they have suspended the mailing of certain past due notices to taxpayers Read More

The Internal Revenue Service (IRS) has released a draft of Form 1040, U. S. Individual Income Tax Return Read More

After weeks of waiting, tax professionals and taxpayers finally got the word from the Internal Revenue Service (IRS): amended returns can now be electronically filed Read More

The Internal Revenue Service (IRS) is reopening the registration period for some folks who didn't receive those $500 per child payments earlier this year Read More

If you have an uncashed tax check at the Internal Revenue Service (IRS), you're not alone Read More

These three terror finance campaigns - involving the al-Qassam Brigades, Hamas's military wing, al-Qaeda, and the Islamic State of Iraq and the Levant (ISIS) - all relied on sophisticated cy… Read More

Last week, the President signed a directive on payroll taxes. While it has been touted as a cut, the Executive Order only allows for deferral Read More

Millions of employees could be in for a rude surprise next April when they find out their home office isn’t deductible and the states can’t agree on who gets their money. Time to… Read More

The Advocate has explained the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do in order before they can receive a stimulus… Read More

On Saturday, apparently frustrated with Congress' inaction, President Trump issued a number of Executive Orders and Memoranda affecting payroll taxes, unemployment benefits, eviction procedu… Read More

The President's Order directs the Secretary of Education to extend the student loan relief through the end of the year Read More

President Trump has signed Executive Orders that would alter the current payroll tax scheme Read More

The IRS has established procedures for resolving some stimulus check problems, including working to help correct missing or incomplete stimulus checks for certain taxpayers Read More

Here’s a look at states offering taxpayers a break on sales tax this year Read More

The Internal Revenue Service (IRS) has announced that James Lee will become the new chief of IRS-Criminal Investigation (IRS-CI) on October 1, 2020 Read More

The advent and growth of internet sales have complicated the issue. States are increasingly demanding that retailers be responsible for figuring and remitting the sales tax – and the r… Read More

Criminal Investigations (IRS-CI) has announced charges against three individuals for their alleged roles in the Twitter hack that occurred on July 15, 2020 Read More

Here's a closer look at what's in the "Coronavirus Response Additional Supplemental Appropriations Act, 2020." Read More

The Department of Justice has announced the arrest of a Florida man in connection with Paycheck Protection Program (PPP) loan fraud Read More

The Continuing Small Business Recovery and Paycheck Protection Program Act was introduced by Sen. Marco Rubio (R-FL) and Sen. Susan Collins (R-ME). Here are some of the highlights Read More

The American Workers, Families and Employers Assistance Act introduced by Sen. Chuck Grassley (R-IA) is a piece of the overall stimulus package. Here's what Sen. Grassley's proposal provides… Read More

The owners of the venerable “Tony Luke’s” cheesesteak franchise in Philadelphia have been charged with conspiracy to defraud the Internal Revenue Service (IRS), tax evasion… Read More

Earlier today, the Senate passed “A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes.” Read More

President Trump has touted payroll tax cuts as a solution to a sluggish economy - but not everyone is on board Read More

I asked some of the best tax folks I know to share their top tax tips. Here are a few of the best to consider as you gear up for next tax season Read More

Tax Day usually means specials, freebies, and deals. But things are definitely lighter this year than last. Still, after you pop your return (or your extension) in the mail, you can kick bac… Read More

In the press release announcing the charges, the Justice Department warned other PPP loan applicants that the FBI and other federal law enforcement agencies would aggressively pursue fraud c… Read More

Internal Revenue Service (IRS) Criminal Investigation Chief Don Fort is announcing his retirement, effective September 30, 2020 Read More

There were significant opinions released today by SCOTUS in the matter of President Donald Trump's tax and financial records. The cases are Trump v. Vance and Trump v. Mazars USA, LLP (conso… Read More

Contrary to popular belief - and what some suggest - filing for an extension isn't an audit trigger Read More

In addition to being the revised individual and corporate due date for the 2019 tax year, July 15, 2020, marks the filing deadline for many tax-exempt organizations Read More

The Internal Revenue Service (IRS) is reminding taxpayers who took advantage of the People First Initiative tax relief that they need to restart their payments Read More

The Internal Revenue Service (IRS) may have your money Read More

The Internal Revenue Service (IRS) has announced that victims of the April tornadoes, severe storms, and flooding that took place in parts of Mississippi, Tennessee, and South Carolina will… Read More

The big news is this: all IRS toll-free phone lines supported by customer service representatives for taxpayers and tax professionals are also now available Read More

The Department of the Treasury and the Internal Revenue Service (IRS) have announced that the 2019 tax filing deadline remains July 15, 2020 Read More

The series of events leading up to the extension for estimated payments (not once, but twice) has left many taxpayers bewildered. Here’s what you need to know Read More

According to the Taxpayer Advocate, during the shutdown, the IRS generated more than 20 million notices; however, these notices were not mailed to taxpayers Read More

As it currently stands, the 2019 tax filing season deadline remains July 15, 2020 Read More

Treasury and the Small Business Administration (SBA) have agreed with the bipartisan leaders of the U. S. Senate Small Business Committee to make some additional data from the PPP public Read More

The Internal Revenue Service (IRS) continues to make strides in getting back to normal Read More

The estimated backlog of unopened IRS mail stands at 11 million Read More

Treasury Secretary Steven Mnuchin has called for the suspension of the Organization of Economic Co-operation and Development (OECD) talks Read More

With its latest guidance, the IRS has now made clear that under leave donation programs, employees who elect to forgo vacation, sick, or personal leave for other employees to use during the… Read More

IRS Commissioner Charles Rettig explained earlier this month that the IRS is reopening operations for employees with non-portable work Read More

Some states have also extended filing and payment deadlines - but not all of them are extended to July 15, 2020 Read More

The IRS is warning taxpayers about COVID-19 related scams - some of which have been circulating for months Read More

Millions of low-income people and others who aren't required to file a tax return may still be eligible for a stimulus check. Those folks can register for a payment by using the Non-Filers t… Read More

La Liga players may not be on the pitch yet, but at least one player is still making news: Atlético Madrid striker Diego Costa had pleaded guilty to tax fraud Read More

The cost for a replacement card was originally listed on the fee schedule as $7.50 - now, it's clear that there's no fee Read More

The Internal Revenue Service (IRS) has announced a game-changer: later this summer, taxpayers will be able to file Form 1040-X, Amended U. S Individual Income Tax Return, electronically Read More

According to the IRS, if you receive your stimulus check as a prepaid debit card, it will arrive in a plain envelope from “Money Network Cardholder Services.” Read More

Here are 44 sources of money and benefits that aren't taxable for federal income tax purposes Read More

The top five states followed population trends with Texas, Florida, New York, and Pennsylvania in line behind the Golden State Read More

Here's a summary of some assistance, much of which is tax-free, that might be available to surviving military families Read More

Beginning this week, some Americans will receive nearly 4 million EIPs by prepaid debit card, instead of by paper check Read More

Today, the Internal Revenue Service (IRS) has announced that it will add 3,500 telephone representatives to answer some of the most common questions Read More

Nursing homes and assisted living facilities can’t take that money from residents just because they’re on Medicaid Read More

J. Russell George, the Treasury Inspector General for Tax Administration (TIGTA), is urging all taxpayers to stay alert to ensure that they do not lose their Economic Impact Payments (EIPs)… Read More

Because of COVID-19, governors and municipalities have issued stay-at-home and other orders, resulting in the complete or partial shutdowns of many businesses. Those changes mean that many e… Read More

House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act Read More

I know - and you know - that some Americans may have received a payment amount different than what they expected. The IRS has some explanations for why that might have happened Read More

One opportunity that's often overlooked is the Employee Retention Credit or ERC. It's found in the CARES Act, and like the PPP, it's designed to help businesses keep employees on the payroll… Read More

According to the Department of Justice, the charges are the first in the country linked to the popular SBA loan program Read More

IRS stimulus checks will be direct deposited or issued as paper checks. What happens if you don't have a bank account? Read More

The Treasury Department and the Internal Revenue Service (IRS) says that you need to access the Get My Payment by noon Wednesday, May 13, to get your check faster Read More

First things first: as of today, the 2019 tax filing season deadline remains July 15, 2020 Read More

The IRS Office of Chief Counsel has announced that their Settlement Days program will continue to allow unrepresented taxpayers to work towards resolving their pending United States Tax Cour… Read More

According to National Taxpayer Advocate Erin M. Collins, a “superseding tax return” may be the best fix for some taxpayers during this filing season - if the IRS can process them… Read More

According to National Taxpayer Advocate Erin M. Collins, the IRS had "a Hobson's choice": hold up all payments while confirming possible dependents, or provide a short window of time to allo… Read More

Some colleges are offering partial tuition and fee refunds: what does that mean for your taxes? Read More