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The IRS Free File system allows taxpayers with an adjusted gross income of $79,000 or less to file a federal tax return for free.

IRS Notice 2024-22 provides employers insight on the anti-abuse rules regarding pension-linked emergency savings accounts.

A final U.S. Department of Labor rule provides an economic reality test and targets “misclassifying employees as independent contractors.”

The IRS is still too slow in processing amended tax returns, answering taxpayer phone calls and resolving identity theft cases, according to the National Taxpayer Advocate.

The IRS, and its Security Summit partners, are warning tax professionals about a new round of email schemes related to the tax filing season.

A new statement from the GASB requires governments to disclose concentrations and constraints that could make them vulnerable to a substantial impact.

The tax season officially kicks off Jan. 29, which marks the first day the IRS will accept and process 2023 tax returns.

Financial executives expect solid business performance in 2024, forecasting on average 5% revenue growth and a 2.7% expansion in payrolls.

The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year 2022, according to a TIGTA report.

The IRS has released a draft form and draft instructions to the form for the corporate alternative minimum tax (AMT).