Lenders won't face penalties if they don't give the Internal Revenue Service detailed information about which borrowers qualify for a tax breaks on auto-loan interest, the tax agency said Tuesday.
Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to reporting requirements.
The Internal Revenue Service is the revenue service of the United States federal government, which is responsible for collecting taxes and administering the Internal Revenue Code, the main body of the ...
Millions of Americans who were granted tax filing extensions have until 11:59 p.m. on Wednesday to file their returns.
It’s going to take years before the IRS gets to its pre-2025 levels of efficiency, if at all,” said Phil Karter, a shareholder at Chamberlain, Hrdlicka, White, Williams & Aughtry.
WASHINGTON D.C. – The Internal Revenue Service (IRS) issued a scam warning for tax filers nationwide. On Jul. 3, the IRS warned taxpayers about a new scam involving improperly claimed clean energy tax ...
Trump’s 2026 budget plan calls for sharp spending cuts. Here’s what to know Trump's budget proposal seeks to cut discretionary spending by a total of 7.6% next year, but includes a 13% increase in ...
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