IRS Revenue Ruling 2025-3 addresses employment classification disputes for employment tax purposes in five different factual situations. This ruling is specifically concerned with Section 530 of ...

On January 14, 2025, the Internal Revenue Service (“IRS”) and the Department of Treasury issued proposed regulations under Internal Revenue Code (“Code”) section 162(m), which limits the ...

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

Avoid the stress of a long-drawn-out tax season by starting early: The IRS Free File tax software program is open as of January 10. Millions of taxpayers can now prepare and file their taxes ...

The IRS assesses billions of dollars in penalties to those who fail to comply with federal tax filing, reporting and payment requirements, and in some cases, the outcomes can also include criminal ...

The Internal Revenue Service (IRS) announced Friday that the official start date of the 2025 tax season will be January 27. The IRS is in the middle of a massive overhaul to improve its technology ...

CESTAT Kolkata held that Asansol Durgapur Development Authority [ADDA] performing sovereign functions on behalf of the State Government of West Bengal is exempt from service tax. Accordingly, service ...

SEATTLE — A procession for a King County Metro bus driver who was killed after an altercation with a passenger was held ahead of a memorial service in Seattle on Friday. Shawn Yim had been a ...

The IRS anticipates that refunds generally will be available within 21 days and can be tracked using the “where’s my refund” section of irs.gov. The Tax Cuts and Jobs Act of 2017 reduced the ...

The Internal Revenue Service (IRS) is sending out another round of stimulus checks to roughly 1 million Americans who never benefited from the payments during the coronavirus pandemic. Why Is the ...

HMRC said 3.4million taxpayers had still not filed their 2023/24 tax return with a week to go until the deadline. More people than ever are having to complete a self-assessment tax return as ...

Heard of the “singles tax”? Going it alone can also come with a hidden financial burden you may not be aware of. Obviously, this isn’t an official levy paid to anyone in particular.