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The Internal Revenue Service’s use of artificial intelligence in selecting tax returns for National Research Program audits that areused

A savings account with the tax benefits of a health savings account or an educations savings account but without the singular restricted focus could

On June 17, 2024, the U.S. Department of the Treasury and the Internal Revenue Service announced a new regulatory initiative focused

The IRS has provided guidance on two exceptions to the 10 percent additional tax under Code Sec. 72(t)(1) for emergency personal expense distributions and domestic abuse victim distributions.

The California Franchise Tax Board (FTB) may continue to implement an alternative communication method, which

The IRS has released the inflation adjustment factor for the credit for carbn dioxide (CO2) sequestration under Code Sec. 45Q for 2024. The inflation adjustment factor is 1.3877, and

The IRS released the inflation adjustment factors and the resulting applicable amounts for the clean hydrogen production credit for 2023 and 2024.For 2023, the inflation adjustment factor is one, so the inflation adjusted applicable amounts are the same as those in Code Sec.

The IRS has issued a warning about the increasing threat of impersonation scams targeting seniors. These scams involve fraudsters posing as

The IRS has announced plans to deny tens of thousands of high-risk Employee Retention Credit (ERC) claims while beginning to process

The United States has provided formal notice to the Russian Federation on June 17, 2024, to confirm