IRS

Business News

Filing Your Taxes Is About to Get Cheaper in 13 States. Here's Who's Eligible.

The IRS is set to launch a free tax preparation software called Direct File in 2024, offering an alternative to paid services like TurboTax.

Business News

'These Steps Are Urgent': IRS Takes Action in Wake of Record-Breaking $688 Billion Tax Gap

The IRS disclosed a historic tax gap for the 2021 tax year, marking the largest-ever recorded shortfall in tax payments.

Business News

The IRS Is Using Artificial Intelligence to Catch Millionaires Dodging Taxes

Tax evasion cases had previously overwhelmed the agency. Now, the IRS is using AI to fight it.

Starting a Business

How You Structure Your Business to the IRS Can Affect More Than Your Tax Bill. Here's What You Need to Know.

From startup to going public, the business formation structure you choose affects your company in many ways, including how you file your taxes and how much you owe the IRS.

Taxes

10 Important Tax Numbers Every Business Owner Should Know to Save Big on Their Taxes This Year

Boring? Not when you consider the money you could be saving.

Business News

The IRS Has Already Issued $15.7 Billion in Tax Refunds. But Will Yours Be Lower Than Last Year?

Tax season is underway, and although the IRS has issued eight million refunds so far, the average payout is down from last year.

Business News

IRS Audits Black Americans More Than Twice As Often As Other Groups, According to a Stanford Study

A study published in January found the methods the agency uses, likely inadvertently, select Black Americans for audits more often.

Taxes

3 Ways to Save Money on Taxes That Most Entrepreneurs Miss

Utilize these strategies to save your wallet when tax time comes around.

Taxes

5 Small Business Tax Audit Triggers and What to Do If the IRS Comes Calling

Small business IRS audits are like shark bites: They're rare, but painful for the unlucky few who suffer them.

Business News

IRS Puts a Hold on Rule Change Affecting Venmo, Etsy Users

The Internal Revenue Service says the delay will last one year.

Business News

Getting Paid on Venmo? This New IRS Rule Could Threaten Your Small Business.

Those using third-party apps like Venmo, Cash App and PayPal will now have to fill out 1099-K forms if they earn above a certain amount.

Taxes

All Your Burning Tax-Filing Questions For This Year, Answered

Today is Tax Day. Here's everything you'll want to know to prepare your tax returns.

Taxes

Invested in Crypto? Here's Everything You Need to Know About This Year's Tax Rules

The IRS continues to issue updated guidance on all things crypto. We help you make sense of it.

Finanzas

¿Invertido en criptomonedas? Aquí está todo lo que necesita saber sobre las reglas fiscales de este año

El IRS continúa emitiendo orientación actualizada sobre todo lo relacionado con las criptomonedas. Te ayudamos a darle sentido.

Finanzas

Todas sus preguntas candentes sobre la presentación de impuestos para este año, respondidas

Hoy es el Día de los Impuestos. Aquí está todo lo que querrá saber para preparar sus declaraciones de impuestos.