Tax News

The IRS is temporarily waiving the penalty for using dyed fuel on Florida highways.

It took the step to minimize and prevent disruptions to the supply of fuel for diesel-powered highway vehicles because of...

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The U.S. Tax Court ruled that a solar equipment manufacturer is required to use the accrual method of accounting.

A married couple was unable to show that an IRS levy was invalid.

An IRS software project to safeguard data is making mixed progress, said a recent Treasury Inspector General for Tax Administration (TIGTA) audit.

Many small U.S. businesses elect to organize as S corporations for tax purposes.

Another court case shows how important it is to properly document qualification for real estate activity loss deductions.

The IRS has updated its lists of countries with nonresident alien interest reporting requirements.

The IRS has published the latest data regarding individual income tax returns filed through July 25, 2019, for the 2018 tax year.

Attention employers! You may be able to reduce the tax you owe with a valuable credit.

The IRS wants to make taxpayers aware of its private debt collection agency (PCA) program.

The IRS announced it has detected a new phishing scam involving unsolicited emails from IRS imposters.

Proposed IRS regulations are out on personal use of employer-provided vehicles.