Income taxes

A decade ago, it wasn’t much of an issue, but awareness of the need to comply has grown exponentially.

As lawmakers in Congress mull the real possibility of a tax overhaul, various proposals are being debated before legislation is introduced.

The Internal Revenue Service has posted a new version of Form 7004 to reflect the fact that businesses can now get an automatic extra six months to file.

Treasury Secretary nominee said one of his priorities if confirmed would be to increase staff and modernize technology at the Internal Revenue Service—a move that Republicans who control the agency’s budget may reject.

As 2016 comes to a close, many business owners are seeking tax opportunities to take advantage of before the next year begins.