IRS

The entire states of Alabama, Georgia, and the Carolinas, as well as parts of Florida, Tennessee, and Virginia, qualify for tax relief.

The purpose of Form 7217, new for tax year 2024, is to report all distribution of property that a partner receives from a partnership.

The agency is piloting a program that would make contacting IRS Appeals easier for large businesses with multiple representatives.

Third-party payers that filed prior ERC claims for multiple clients now have a way to "withdraw" those claims for clients that didn't qualify.

In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.

The agency updated a section in its fact sheet about the refundable credit, which helps some taxpayers afford health insurance premiums.

Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.

The three people will share a $74 million payout for disclosing a tax evasion scheme that enabled the IRS to collect $263 million.