According to the IRS, a recent change made through the American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase...

The IRS and Treasury Department announced new details about the tax credits available to help small businesses through the American...

A recent law change now allows some recipients to not pay tax on some 2020 unemployment compensation. The IRS announced that it will...

Students and higher education institutions have frequently asked the IRS how pandemic-related emergency financial aid grants will be...

Many taxpayers were obligated to buy personal protective equipment because of the COVID-19 pandemic. Luckily, they may be able to recover...

The IRS recognizes that the adoption process can be expensive. Thus, the adoption tax credit exists. This tax credit can offset some of...

The American Rescue Plan Act’s approval has led to a new round of Economic Impact Payments (EIP). According to the IRS, some recipients...

The IRS announced that taxpayers of all ages may be eligible to claim a deduction on their 2020 tax return for contributions to their...

The IRS issued guidance for employers seeking to claim the employee retention credit under the CARES Act for calendar quarters in 2020....

The IRS issued a reminder for people to continue practicing proper cybersecurity habits by securing computers, phones, and other devices....

The IRS issued a reminder for people about the changes in rules for required minimum distributions (RMDs) from retirement accounts....

The IRS began issuing the third wave of Economic Impact Payments (EIPs) on March 12, 2021. According to the IRS, the American Rescue Plan...

The IRS and Treasury Department announced that the 2020 tax year federal income filing date for individuals is being automatically...

The IRS announced that it will continue efforts to expand their ways to communicate with taxpayers who prefer to get information in other...

The Recovery Rebate Credit is the new refundable credit authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and...

Tax season is here, and the IRS issued a reminder to taxpayers choosing a preparer to do so carefully. According to the IRS, the vast...

February brought disaster upon the people of Texas through its winter storms. Luckily, victims of the Texas winter storms are getting tax...

Tax season is upon us, so it is imperative to not get tricked by “ghost” preparers. According to the IRS, a ghost preparer does not put...