More than five years have passed since Congress created the employee retention credit (“ERC”) through the CARES Act. Between then and now, Congress has changed the applicable law four times,[1] and ...

Editor’s note: This op-ed for Bus & Motorcoach News is written by UMA Member Tracy Fickett, CPA, owner of BUSBooks, a specialty accounting firm dedicated to the motorcoach industry. Recently, we have ...

Editor: Michael J. Mondelli, J.D. Taxpayers who fail to timely make certain elections can in some cases claim automatic relief following procedures provided in IRS guidance to file the election beyond ...

It will take weeks — and probably months — for the Internal Revenue Service to return to full operations after the longest federal government shutdown in U.S. history. Experts said the agency has a ...

In a letter to leaders of the U.S. Congress, the National Association of Tax Professionals warned the current government shutdown and Internal Revenue Service cutbacks are beginning to strike at the ...

Editor: Jessica L. Jeane, J.D. Secs. 332, 351, 368, and 1036. As a consequence, full no-gain-or-loss rulings are available under Secs. 332 (corporate subsidiary liquidation into its corporate owner); ...

These days, we’re all trying to protect our identity from nefarious characters. We regularly have conversations with some of our clients about how they have been contacted by fraudulent characters.

Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more. The IRS plan to permanently close the Taxpayer Assistance Center in Bozeman would be a huge loss ...

This story was produced by Haley Crim and distributed by Next Net. It is vital to identify IRS scams so you can protect yourself and your taxpayer information. IRS scams come in many forms, including ...

(NEXSTAR) – The self-described tax experts of TikTok and other social media sites have cost American’s $162 million in penalties since 2022, the IRS said in a news release Monday. Advice on the most ...

The Internal Revenue Service (IRS) on Monday announced that social media posts riddled with misinformation about taxes have cost Americans $162 million in penalties since 2022. The IRS said it has ...