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 ...

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

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 ...

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

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

The tax landscape in the United States has transformed with the enactment of the Trump's One Big Beautiful Bill Act. This new law introduces four key tax deductions, offering relief to millions of ...

A retired IRS communications executive told the AICPA’s Town Hall that employees will be challenged to explain tax changes in ...

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.