Income taxes

The government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue, according to credit assessor Fitch Ratings.

The service said that as of June 10, it had processed more than 4.5 million of the more than 4.7 million individual paper returns received in 2021.

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

The Internal Revenue Service is providing guidance on how employers and employees can help Ukraine while also qualifying for tax relief on the donation program.

The service posted the new deputy chief taxpayer experience officer position on a federal jobs site, and announced plans to hire thousands of contact reps this summer.

A group of Democrats has asked the commission to investigate whether the identity verification company illegally misled consumers and government agencies.

In recent days, Biden and his aides have repeatedly cited Republican Senator Rick Scott’s “Rescue America” plan — from February.

The federal government’s deficit has shrunk by some $1.57 trillion, driven by record receipts from a strong economy and a slowdown in spending.

A research note from Barclays paints a picture of an exploding new industry that the IRS is struggling to hold to account. 

What to change; cash flow forecasting; the sales tax paradox; and other highlights from our favorite tax bloggers.

The IRS chief opens up about IRS challenges, his family and the way forward.

National Taxpayer Advocate Erin Collins is urging the Internal Revenue Service to expand online services for taxpayers, tax professionals and businesses while reducing its reliance on paper to improve taxpayer service.

Only a tiny fraction of those who could file their taxes for free are actually accessing the no-cost program, according to a new watchdog report.

Mayor Eric Adams blamed his widely reported refusal to do so on the “arrogance” of a reporter who asked the question earlier this month.

The Supreme Court declined to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed by Congress in the 2017 tax law.

The 2022 tax season, predicted by some to be a perfect storm, is coming to a close with barely a stiff wind.

The First Couple reported $610,702 in income in 2021 and paid $183,925 in federal and state income taxes, according to their annual tax return released Friday by the White House.

Clients who moved their work between states due to the pandemic may find taxing authorities eyeing them more closely.

Even if they dislike digital assets, wealth planners have a fiduciary duty to understand their confusing and murky tax treatment.

April and Column Tax are among the startups capitalizing on the idea that taxes are part of a person’s financial life and banks are most suited to help with tax preparation and filing.