Michael Cohn

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

The IRS is giving taxpayers who want to receive their payments by direct deposit a tight deadline.

The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

Relief comes as a result of the short notice firms were originally given to comply with the Secure Act, the agency says.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

The agency processed more of every major type of form during FY 2018 than during the prior year, with the exception of estate tax returns.

The IBD's advisors can expect new technology and product offerings, says David Knoch.

The Treasury and IRS are lowering the withholding underpayment threshold to 80%.

Advisors take note: DAFs remain the fastest-growing charitable giving vehicle.

The program will give CPAs a new way to gain the institute's PFS credential — as well as provide other educational opportunities for non-CPAs.

There are three top specialties that survey takers said they want when choosing a new financial planner, with one clear winner.

CPAs and enrolled agents who added planning services generated an average of $1.7 million in incremental revenue over five years, a survey shows.