— The Internal Revenue Service announced today tax relief for individuals and businesses in parts of West Virginia affected by severe storms, straight-line winds, flooding, landslides and mudslides that began on Feb. 15, 2025.
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— The Internal Revenue Service issued a reminder today that in most cases retirees who turned 73 in 2024 must begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans by Tuesday, April 1, 2025.
― The Internal Revenue Service today encouraged taxpayers to file a tax return or pay taxes they owe using electronic options on IRS.gov by April 15.
— The Internal Revenue Service announced today that over 1.1 million people across the nation have unclaimed refunds for tax year 2021 but face an April 15 deadline to submit their tax returns.
— The IRS encouraged taxpayers who have yet to prepare and file their tax returns to consider taking advantage of the many free options available – including Direct File, a free, fast and easy way to file directly with the IRS, now available in 25 states.
— The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2025.
— The Internal Revenue Service announced today it’s making it easier for taxpayers to file their taxes by adding information return documents to their IRS Individual Online Account, helping consolidate important tax records into one digital location.
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In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.
Acting IRS commissioner says the agency will use “existing appropriations” to remain open if Congress does not agree to a continuing resolution by the end of Friday.
In a statement Friday, CEO Mark Koziel, CPA, CGMA, said the AICPA is discussing the state of the IRS with agency officials in the wake of layoffs. “A modern, functioning IRS is essential for Americans to meet their tax obligations,” the statement said.
A statement Thursday praised Treasury for "reducing regulatory burden on businesses" and said the "AICPA remains committed to appropriate anti-money laundering policies."
A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit beneficial ownership information reporting to foreign reporting companies only.
Financial reporting needs to be given greater attention as the stakes of transfer pricing disputes rise.
Finding that the organization was not operated exclusively for the promotion of social welfare, the Fifth Circuit affirmed the Tax Court’s judgment.
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The Russell 2000, which includes small companies that are more sensitive to downdrafts in the economy than those in the S&P 500, appears likely to enter a bear market.By Joe Rennison
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Younger would-be chief executives are increasingly seeking profits — and freedom from the 9-to-5 — by pivoting from corporate jobs into often unglamorous small-business niches.By Gregory Barber
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John Schwarz, who organized a viral shopping boycott, was previously registered as a sex offender after pleading guilty to “disseminating voyeuristic material.”By Madison Malone Kircher
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Trump claims without evidence that Biden's Jan. 6 panel pardons are void because he allegedly used an autopen. Autopens have been popular with presidents for decades. Here's what to know about them.
Once a formidable fast-fashion mall staple, Forever 21 has filed for bankruptcy. The retailer has been a shell of its former self since it first filed for bankruptcy in 2019.
"When one of the most powerful, if not the most powerful person in the world is saying you've committed a crime, it doesn't matter what the truth is," says Valerie Costa, an anti-Tesla protester.
Economists say the sharp decline in wholesale egg prices is a positive sign, with some anticipating lower prices at grocery stores in a few weeks.
The federal government spends millions of dollars each year on wildlife damage management, a program that includes killing thousands of coyotes. Yet this program may actually have the opposite effect on the coyote's population. Today on the show, why the government keeps spending money on a problem it can't fix.
In recent weeks, you've likely heard a lot about rare-earth substances with hard-to-pronounce names, but experts warn that the shortage of another crucial metal, copper, could be just as concerning.
Federal officials placed 1,300 employees at Voice of America on indefinite paid leave, while severing contracts with Radio Free Asia and other U.S.-funded networks.