The Institute is asking the Treasury and the IRS to increase the safe harbor for companies seeking to avoid determining whether the CAMT would apply to them.

Fact checked by Vikki Velasquez Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax ...

The longer the Direct File tax-prep program sticks around, the harder it is to end it, which is what critics fear — and supporters want ...

The longer the Direct File tax-prep program sticks around, the harder it is to end it, critics worry . It was soon after the start of Scott Bessent's confirmat ...

The $7,500 federal tax credit for EVs has income requirements, but car salespeople aren't accountants, so double-check that you're eligible before driving off the lot.

The IRS doesn't have the authority to independently verify that recipients of Low Income Taxpayer Clinic grants are eligible to receive them.

Taxes can begin being filed on January 27, but refunds could hit accounts at different times depending on choices made when ...

The IRS has clearly identified legitimate reasons why "U.S. Persons" would establish or maintain ownership in a foreign trust ...

Comptroller Brooke E. Lierman announces the 2025 Tax Filing Season in Maryland, with a focus on modernizing tax collection and making it easier for Marylanders to claim the Earned Income Tax Credit ...

If you missed the stimulus checks in 2021, you might be getting one this year. The IRS is sending them to 1 million people.

The IRS is distributing $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax returns.

What the updates to the Gift Tax Annual Exclusion, Unified Credit Amount and GST Tax Exemption may mean for clients.