IRS

A group of lawmakers teamed up Thursday to introduce bipartisan legislation that aims to create a workable structure for taxing purchases made with cryptocurrency.

IRS investigators say the frauds including money laundering, market manipulation and tax evasion — and even celebrities could get caught up in the agency’s probes.

It’s one of the hottest corners of crypto — and now the U.S. government wants its share of the profits.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

The Internal Revenue Service’s Office of Chief Counsel is spelling out new requirements for information from companies submitting claims for research credit tax refunds to prove they’re valid.

The IRS has blessed at least one approach to getting around the TCJA limitation — the entity-level tax.