3+ day, 18+ hour ago   (782+ words) Home > Small Business Here are some tips for tax professionals who are navigating Economic Injury Disaster Loan program cases sent to Treasury collections. Daniel Staeven, Terry Lemons Tax professionals across the country find themselves facing a wave of client questions…...

3+ day, 22+ hour ago   (496+ words) IRS employee training on taxpayer representation and how taxpayers’ rights to representation must be observed needs to improve after some workers didn't know certain procedures, the watchdog said in a report. IRS employee training on taxpayer representation and how taxpayers…...

4+ day, 19+ hour ago   (284+ words) The application period for the 2027 Compliance Assurance Process program lasts until Oct. 30, 2026, the agency said Tuesday. The IRS has opened the application period for the 2027 Compliance Assurance Process program for corporations. Applications will be accepted until Oct. 30, 2026. The IRS will…...

4+ day, 20+ hour ago   (612+ words) A federal appeals court has upheld a lower court ruling preventing the IRS from providing taxpayer information to Immigration and Customs Enforcement. The three-judge D.C. Circuit panel’s unanimous ruling on Tuesday reaffirms a U.S. District Court judge’s decision last November that blocked…...

1+ week, 6+ day ago   (584+ words) The U.S. Justice Department is pushing back on requests for information about how it resolved President Donald Trump's $10 billion lawsuit against the Internal Revenue Service. WASHINGTON — The U.S. Justice Department is pushing back on requests for information about how it resolved…...

2+ week, 17+ hour ago   (543+ words) The IRS holds its staff to a higher expectation of tax compliance since they are responsible for enforcing tax law, especially those in a supervisory role. All taxpayers are required to follow the letter of the tax law. But some…...

2+ week, 5+ day ago   (589+ words) IRS CEO Frank Bisignano met with tax professionals at the IRS Nationwide Tax Forum in New York City last week as part of the agency’s efforts to engage with taxpayers and their representatives. The New York City stop of the…...

2+ week, 5+ day ago   (512+ words) He met presidents and attended the Emmys, and had meet-and-greets with Matt Damon, Benedict Cumberbatch, Mark Ruffalo and other celebrities. Normally, a business owner can deduct its “ordinary and necessary” operating expenses, even if they appear to be “extraordinary” to…...

3+ week, 2+ day ago   (447+ words) The short story is that full amount of a personal legal settlement is generally taxable as ordinary income at rates currently topping out at 37%. By Ken Berry, JD Are you embroiled in a civil lawsuit? The short story is that…...

3+ week, 3+ day ago   (307+ words) The IRS on Thursday unveiled a digitally authenticated Tax Compliance Report, found through IRS Individual Online Account, that shows whether a taxpayer filed tax returns and paid taxes on time. Taxpayers can securely obtain and download the report when applying…...