The IRS streamlines business tax audits with new rules that phase out slow processes and expand settlement options, starting ...

The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...

The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates ...

Several impactful tax changes are already in force for 2025 under the One Big Beautiful Bill. Here's what taxpayers need to ...

“While raising the slot reporting threshold to $2,000 is a step in the right direction, it is still inadequate," Titus, a ...

For gamblers accustomed to the $1,200 threshold for slot machine jackpots, it’s big news. Slots that lock up while the player ...

Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ...

The tax law that President Donald Trump signed in early July — the One Big Beautiful Bill Act — quietly raised the federal tax reporting threshold for slot winnings from $1,200 to $2,000. This is the ...

While the delay provides relief for brokers, the IRS remains committed to improving tax compliance in the digital asset space. The agency has emphasized that taxpayers still have an obligation to ...

More than one-quarter of the agency’s workers have left in the past three months, raising the likelihood of service gaps and processing delays, a report says.

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and tax changes.

Estate and gift tax exclusion limits went up for 2025. Individuals can exclude $13.99 million now. For couples, it’s $27.98 million total. This change affects a small group but is significant ...