Every year, millions of taxpayers claim EITC on their returns, and in recent years, the IRS has been selecting about one percent of returns claiming the EITC for audit, which translates to hundreds

Payment of unemployment compensation in 2021 despite being unemployed in 2020 is not eligible for the exclusion from gross income, the IRS announced in updated FAQs.

Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people.

From the Editor: you may want to print this and send it to your clients with their tax returns…

All taxpayers filing Form 1040, Form 1040-SR or Form 1040-NR must check one box answering either “Yes” or “No” to the virtual currency question.

Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service has announce

If the IRS does call a taxpayer, it should not be a surprise because the agency will generally send a notice or letter first. Understanding how the IRS communicates can help taxpayers protect thems

Join us for a presentation on Tax Credits that small businesses are eligible to apply for to offset their tax liability.

The Internal Revenue Service added a new feature to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments.