The IRS published final regulations that scrap the proposed funding rule and ease compliance for M&A deals, preferred stock, and netting provisions.

The Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations ...

The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...

(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...

Millions of Social Security recipients automatically received COVID-19 stimulus payments through the IRS using SSA and RRB data. Payments included up to $1,200 per individual in round one, $600 in ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

The IRS raised retirement plan contribution limits for 2026, allowing workers to put $1,000 more in their 401(k) plans than they could this year and $500 more in their individual retirement accounts.

A wholesale purchaser and reseller of vape and tobacco products is contesting $6.5 million in taxes and penalties after the IRS said the company didn’t disclose enough of its accounting. Woodbridge, ...

The IRS sent layoff notices to almost 1,400 employees, adding to the losses at the agency where 25% of staff had left as of May, according to a court document filed earlier this week in a lawsuit ...