Only foreign companies that have registered to do business in the U.S. will be required to comply with the CTA.  Foreign entities meeting...

The IRS announced it will transition away from using a third-party service for facial recognition over the next several weeks. The IRS...

Are you missing your economic impact payment? The IRS has tools to help you discover the status of your payments. The first step in...

For OICs accepted effective November 1, 2021, the IRS will no longer keep the current year refund for the year the offer is accepted....

The Internal Revenue Service has announced that this year's tax season will start on Monday, January 24, 2022. The IRS will begin...

National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 "the most...

The cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending...

Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax...

IRS Chief Council has issued an advisory that if a levy is outstanding to the social security administration on your outstanding IRS...

The deadline for U.S. citizens, resident aliens and any domestic legal entity who are required to file an annual Report of Foreign Bank...

Following the IRS announcement to extend the federal income tax filing deadline for individuals, the Tennessee Department of Revenue has...

Just days before a key deadline, the House voted to extend personal and small business bankruptcy relief provisions that were part of...

The IRS has extended the date for individuals to file and to pay federal income taxes from April 15, 2021 to May 17, 2021. There will be...

The answer is apparently maybe. In the past the IRS has considered credit card reward points to be a rebate on the purchase of a product...

The Internal Revenue Service is reminding those with income from a farming or fishing business can avoid making any estimated tax...

.The Internal Revenue Service, state tax agencies and tax industry today warned tax professionals of a new scam email that impersonates...

The IRS began accepting 2020 tax returns today, February 12, 2021. Contact us, and beat the rush. Get started today at...

If an issuer willfully or intentionally filed an incorrect 1099, they are subject to a penalty of at least $250 per form with no maximum...

Always be sure to check the amounts reported on your 1099 carefully. Because of the short preparation deadlines and sheer volume of forms...