The move to audit the IRS aligns with previous efforts by Musk to challenge federal tax collection practices, including his past criticisms of government spending and the Direct File program, a free ...

Elon Musk created confusion on Monday with an X post that led some people to believe he had eliminated an agency that ...

"Weaponization" of IRS audits by a US President is a concern held by many. How likely is it? I asked legal experts and IRS ...

In response to the recent wildfires ravaging southern California, the IRS has announced tax relief. This measure, primarily benefiting Los Angeles County residents, pushes back various tax ...

The IRS and auditors reportedly don't consider race when selecting audits. However, algorithms disproportionately targeted Black taxpayers who claimed the EITC on their tax returns. So ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

The clock is ticking! It's your last chance to file your information returns before the January 31 deadline. Let Tax1099 take the stress out of ...

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

Instead, those who are most likely to evade detection are the people trying to hide their income in tax shelters, shifting ...

There could also be a major shakeup at the IRS. However, other changes involving state taxes are equally important. Those state tax changes, ranging from income tax cuts to property tax and rent ...

Some news in the EV market: Hyundai Motor Group, which includes the Kia and Genesis brands, has models that now qualify for the $7,500 federal electric vehicle tax credit. In recent years ...

As tax season approaches, the IRS is reminding CPAs and other tax professionals to verify that their Preparer Tax Identification Number (PTIN) is current and valid. This unique identifier ...