Tax professionals must renew their Preparer Tax Identification Numbers to remain compliant and avoid penalties.

Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...

The Internal Revenue Service has sent out a major reminder for tax professionals before the next season in 2026 ...

The American Hospital Association (AHA) released a new report on Sept. 10, showing that tax-exempt hospitals provided nearly $150 billion in total benefits in 2022, an amount that reflects spending ...

The Trump administration says it has started the process of issuing "substantial" reduction-in-force notices to federal ...

The IRS has released new federal income tax brackets for 2026, the agency announced in a news release published on Thursday, Oct. 9. The updates are due to changes in inflation and a new tax law that ...

The Internal Revenue Service on Thursday revoked guidance it had sent to employees the day prior reminding them that federal statute guarantees those furloughed during the shutdown will receive back ...

WASHINGTON, Oct 8 (Reuters) - The U.S. Internal Revenue Service will furlough more than 34,000 employees beginning on Wednesday due to the government shutdown, according to an agency statement, ...

WASHINGTON — Thousands of IRS employees will be furloughed as the partial government shutdown drags on, the tax-collecting agency notified employees on Wednesday. The updated IRS Lapsed Appropriations ...

Nearly half of the IRS workforce — nearly 34,000 employees — faces furloughs as the government shutdown enters its second week, with the agency rolling out a contingency plan to keep key tax ...