Tax professionals must renew their Preparer Tax Identification Numbers to remain compliant and avoid penalties.

Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...

The agency - which recently debunked a stimulus check claim - released an alert urging tax preparers to renew their preparer tax identification numbers (PTIN) before year's end. In a news release, the ...

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

ITR Audit Due Date Extension: The Central Board of Direct Taxes (CBDT) on October 29 extended the deadline for filing income tax returns (ITRs) and audit reports for the assessment year 2025-26, ...

WWE legend Mike Rotunda, 67, was placed into hospice care, according to his family and friends. He was inducted into the WWE ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

The 2025-2026 combo release gives SMBs and Accountants an affordable way to streamline e941 form filing for upcoming Oct. 31 ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The agency is urging taxpayers to know their banking details. Critics have called the transition to all digital payments ...