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Several significant changes are probably in store for next tax season.August 24
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The agency is encouraging taxpayers who have received but not yet responded to a CP-14 notice to promptly do so.August 24
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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.March 30
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Retirement savers stand to gain more by investing their money instead of taking an interest-free reimbursement.January 28
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Deferred taxation on these retirement products, in part, depends on how their distributions are made.December 23
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Clients who have yet to make withholding adjustments to cover their tax liability still have time to avoid the extra burden.December 10
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Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.July 16
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The agency is asking taxpayers to account for multiple jobs within a household and to factor in the $2,000 child tax credit for each kid under 17.June 4
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The impact of the 35-day partial government shutdown could delay the process this year.January 29
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A closed phone line to IRS support could present a significant challenge, particularly with changes to forms like the 1040, experts suggest.January 15
