On January 16, the Internal Revenue Service (IRS) published proposed regulations ( 90 FR 4691) under Section 162(m) of the ...
Qualified Opportunity Funds (QOFs) offer generous tax incentives but are bound by a complicated set of rules, not to mention the complexity ...
On January 14, 2025, the Internal Revenue Service (“IRS”) and the Department of Treasury issued proposed regulations under ...
As the 2025 tax season kicks off, the IRS warns taxpayers about potential penalties of up to $5,000 for this taxpayers.
By invoking a rarely used provision of the US tax code, Trump could potentially double taxes on foreign entities operating in ...
The "Department of Government Efficiency" reportedly wants to create a mobile app so Americans can file their taxes for free.
The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...
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2025 tax filing deadlines
The IRS has officially kicked off the 2025 tax season, anticipating over 140 million filings by the April 15 deadline. Taxpayers are urged to ensure accuracy in their submissions to avoid hefty ...