Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

The good news is that most business credit card rewards aren't taxable. The IRS treats them as purchase rebates rather than ...

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season as the agency aims to go completely paperless by 2025. The effort to ...

Navigating complex IRS reporting requirements is crucial for modern digital commerce. Review the legislative impact on your ...

Earlier this year, a federal judge sentenced a former IRS contractor to five years in prison for leaking the tax returns of multiple high-profile billionaires. The case involves genuine wrongdoing by ...

Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.