Tax season

What if you viewed busy season as an opportunity to make continuous improvement?

The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.

The service reported on its increased enforcement efforts on Friday, including collecting over half a billion dollars from millionaires who didn't pay their taxes.

The Treasury secretary addressed a group of service employees as the agency fends off cuts pushed by House Republicans.

With the final stats from this year's filing in, it seems clear that it was one of the most normal in years.

Four forms in particular contain insights to a client's financial life and how to serve them better. We explain them here.

From accidentally paying state taxes on T-bill income to wonky filing deadlines, these tips will help make a federal tax return sparkle. Or at least clean.

Affluent investors typically have more complicated financial lives and more ways to get things wrong when filing federal tax returns in 2023.

Two-thirds of small-business owners would rather get a mullet or remove a nest of angry bees than do their taxes. 

The IRS has compiled a list of mistakes they often see on tax returns.

The Internal Revenue Service pledged to improve taxpayer service this year.

Ed Mendlowitz offers a host of tips and strategies you can implement now for a better busy season.

The wording has changed from "virtual currencies" to "digital assets" in general, and there are other changes too.

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.

National Taxpayer Advocate Erin Collins pointed to continuing backlogs at the Internal Revenue Service and difficulty reaching telephone assistance in a report to Congress Thursday.

Some taxpayers, including those who aren't millionaires, have been hammered by the limit, writes Bloomberg’s Alexis Leondis.

The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15.

The service offered information on how to elect to apply an overpayment on 2020 taxes against Q1 2021 estimated taxes, which are still due on April 15.

Rep. Lloyd Smucker's legislation is in line with a request from accounting and tax professional groups.

NCCPAP’s Stephen Mankowski shares details from the service on filing date extensions and more.