If you opt for the standard mileage rate (67 cents per mile for tax year 2024), you calculate your deduction based on the ...

Significant reductions in the IRS workforce appear to be increasing the number of 'no change' audit closures. The shift could ...

Small businesses that operated as sole proprietorships but are defunct and owe between $25,001 and $50,000 for any type of tax can quality for this agreement.

Former Rep. Billy Long won confirmation Thursday to be the next commissioner of the International Revenue Service.

The origins of the IRS logo. For $197,000, in today’s dollars, a design firm revamped IRS tax forms in the ‘60s. That included the creation of a new symbol representing an eagle.

Staffing reductions are “likely to impact taxpayers and potentially the revenue collected,” wrote the head of the National ...

President Trump’s nomination of former Rep. Billy Long as the next commissioner of the Internal Revenue Service marks a pivotal moment for America’s taxpayers, especially small business owners.

The IRS told House Republicans this month that a former contractor leaked the private data of more than 400,000 taxpayers, nearly six times higher than originally thought.. Doug O’Donnell, the ...

Four Senate Republicans are seeking answers about a Biden-era Internal Revenue Service (IRS) compliance unit, citing concerns that the office was driven by “ideological considerations” and put ...

One noticeable red flag: inconsistencies. For example, at the very bottom of the email with the IRS logo, the name of a different agency appears, the U.S. Small Business Administration.

They applied for the tax credit — launched as part of the CARES Act in March 2020 — last summer, hoping to shore up the $100,250 Small Business Administration loan they took on when the ...