Expert witnesses can be critical to defending a tax position—but what happens when an expert must maintain confidentiality over information that ...

Or . . . maybe not. The most noteworthy new program for free tax-prep, IRS Direct File, came under fire this week from Elon Musk, who tweeted Monday that the service had been “deleted.” ...

The IRS launched its Direct File pilot in 12 U.S. states in March 2024, which has now been expanded to 25 states. It allows taxpayers to submit simple tax returns directly with the government ...

The Internal Revenue Service (IRS) has released new guidance on the federal income and employment tax treatment of contributions and benefits ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

The IRS on average processes about 140 million tax returns a year and issues refunds averaging around $3,100 apiece. The site said that the IRS has yet to express any concerns about potential ...

President Biden recently signed two new laws that significantly reduce the ACA compliance burden for employers by streamlining Form 1095 reporting ...

New proposed regulations under Section 162(m) of the Internal Revenue Code would further limit deductibility of executive compensation paid by ...

As a Los Angeles-based firm, we are deeply saddened by the devastation caused by the recent wildfires. We remain committed to supporting our ...

The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that those earning up to Rs 12 lakh annually won't have to pay any income tax.

On January 10, 2025, the IRS and Treasury announced proposed regulations addressing catch-up contribution provisions under the SECURE 2.0 Act of ...

Simple tax returns are the most basic type of return you can file. Software companies vary in their criteria, but a simple return is generally prepared using IRS Form 1040 and is limited to ...