The bipartisan measure, co-authored in the Senate by Elizabeth Warren and approved by President Donald Trump, clears numerous ...

The Senate unanimously passes the IRS MATH Act, mandating clear error notices to boost taxpayer rights and compliance clarity ...

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

Paying taxes is mandatory for citizens, and being penalized for not paying them correctly is one of the biggest fears for ...

If you recently received a letter saying you owe the IRS money for unpaid 2023 federal income tax and you know you paid, it may have been a glitch. Read on for the next steps you can take. On June 12, ...

Guam residents who have received notices from the Internal Revenue Service, indicating that they either owe federal taxes or have not filed their individual income tax return, should go to ...

When the IRS sent a simpler version of a notice that asks taxpayers to take certain steps to prevent fraud, the result was a 16% decrease in taxpayers who called the IRS as their first action and a 6% ...

The limit on annual contributions to an IRA is increased to $7,500 from $7,000. The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 ...

The appellate court holds that the Sec. 6213(a) deadline for filing a Tax Court deficiency petition is nonjurisdictional and ...

The Trump-era promise to shield service workers' tips and overtime from federal tax has finally arrived in the form of ...

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 ...