Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for certain tax benefits or tax breaks or to determine if you're subject to ...
The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...
An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...
Millions of taxpayers have been reminded to file their 2024 tax returns by the end of Wednesday. The Internal Revenue Service (IRS) said the October 15 deadline applies to taxpayers who were granted ...
Two leading advisor technology firms, Nitrogen and FP Alpha, have launched new artificial intelligence-driven tax planning features, aiming to help RIAs deliver more personalized and actionable tax ...
The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...
Don’t expect to wait by the mailbox for your tax refund check in the spring. The Department of Treasury is transitioning to fully electronic payments, a change that means tax refunds issued by the IRS ...
Many Americans could see heftier tax refunds next year when they file their 2025 tax returns, largely due to new provisions enacted through the Republicans' "one big, beautiful bill" act that are ...
ST. JOSEPH COUNTY, Ind. (WSBT) — October 15, 2025 is the extension deadline to file individual income tax returns, even during the government shut down. The IRS remains closed as part of the shutdown ...
The Internal Revenue Service (IRS) released guidance on November 5, 2025, granting employers relief from tax penalties for failing to provide employees information related to their (1) “qualified tips ...
The clock is ticking on 2025 payroll reporting, but the IRS just threw employers a lifeline. If your organization has been struggling to ...
No tax on tips, a campaign promise by President Donald Trump, is now part of the U.S. tax code, but experts across the political spectrum see limited benefits for California workers. The Treasury ...