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

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

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

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

The new Internal Revenue Service commissioner, Billy Long, explained his plans for the IRS and the new tax bill during his ...

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

The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

The gift tax is any taxes owed on the gifts you have given. As the giver, you would owe the IRS gift tax rate and have to ...

Worth noting, however: Neither of the changes eliminates the requirement for small businesses, freelancers and contractors to accurately report all their earnings to the IRS on their own tax forms.