Curious about what that IRS transcript code means? Or did you get an error code on WMR? One of the biggest questions we see ...

Penalty-free retirement distributions, casualty loss deductions and delayed tax filing and payments can all provide some short-term financial relief.

A casualty loss deduction is generally measured principally by your tax basis in the home, not by its fair market value. But ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

Two government labor unions and an advocacy group are suing the Department of Treasury and the Bureau of the Fiscal Service ...

The Taxpayer First Act (“TFA”), which was signed into law on July 1, 2019, makes the most significant changes to administrative procedures since ...

The regulations include a list of technologies that ... value that is supported by either a letter from the DOE or an LCA model approved by the IRS. Taxpayers must obtain a PER for each separate ...

The Senator sent Musk a letter with 30 ideas for how his DOGE commission could cut $2 trillion in U.S. spending.

On January 22, 2025, the US Department of Justice (DOJ) announced the indictment of seven individuals in the largest Employee Retention Credit ...

Following the tax code to the letter, then, is nearly impossible, even for the IRS: Between January 1 and ... people and organizations on his "Enemies List." In a 1971 memo, White House Counsel ...