The Inflation Reduction Act of 2022 included a new, nondeductible 1% excise tax on "repurchases" of the stock of "covered corporations" occurring after December 31, 2022.

Taxes are normally paid throughout the year by withholding tax from paychecks or by making quarterly estimated tax payments to the

The IRS issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

The Inflation Reduction Act of 2022 (IRA) amended the credits for energy efficient home improvements under § 25C of the Internal Revenue Code (Code) and residential energy property under § 25D of t

The Treasury Department and Internal Revenue Service have announced that brokers are not required to report additional information with respect to dispositions of digital assets until final regulat

Note from the Editor: this bill will be addressed in detail during the 2023 Grand Event in Las Vegas, January 9 – 11, 2023. This session is being conducted both in-person and virtually.

The Internal Revenue Service has announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

About nine million people received an email in November from the Department of Education that mistakenly said their application for student loan forgiveness had been approved.

For the second time this year, the IRS has mistakenly disclosed information submitted by tax-exempt organizations reporting income unrelated to their exempt purposes.