Taxes

Legislation introduced on Sept. 25 by three Senate Democrats would increase the startup tax deduction from $5,000 to $50,000.

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.

Tax pros could be randomly selected to take part in a voluntary survey to help the IRS improve services to practitioners and taxpayers.

Civic tech nonprofit Code for America is broadening its tax filing simplification process to Maryland and North Carolina in January.

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

Tax law is always changing, and keeping up is what tax professionals are about, or they can end up with costly errors if new credits and deductions apply or changes in filing requirements take place.

The Internal Revenue Service is alerting taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results.