The Internal Revenue Service has issued action items taxpayers should follow in preparation of the tax filing season.

Thanks to the IRS MATH Act, the IRS must now explain mistakes in plain English, show any adjustments, and put your 60-day ...

The average electronic tax refund costs the federal government less than 15 cents, compared to a paper check refund, which ...

The proposed regulations will deal with changes included in H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act.

Lawmakers hope that clearer notices when the IRS makes simple math or clerical fixes on tax returns should cut down on ...

As filing season heats up, a fresh clarification is narrowing the window for taxpayers hoping to fix errors in their returns.

When the IRS sent a simpler version of a notice that asks taxpayers to take certain steps to prevent fraud, the result was a 16% decrease in taxpayers who called the IRS as their first action and a 6% ...

The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common notices that individual taxpayers receive ...

If you recently received a letter saying you owe the IRS money for unpaid 2023 federal income tax and you know you paid, it may have been a glitch. Read on for the next steps you can take. On June 12, ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...

In a letter to Treasury and the IRS, the AICPA seeks changes to tax reporting requirements for partnerships and S corporations.