The Internal Revenue Service (IRS) has released Notice 2025-04 announcing the IRS and US Department of the Treasury’s ...

Despite the reprieve, taxpayers should still keep good records and continue using a consistent system such as LIFO for ...

The Internal Revenue Service has priority over a $1 million payout received by a Florida staffing company from the Deepwater Horizon oil spill settlement, outstripping the bankruptcy claim of an ...

On December 30, 2024, the Department of the Treasury (the Treasury) and the Internal Revenue Service (the IRS) published the final regulations ...

Several days ago, the US Internal Revenue Service (IRS) issued a statement providing temporary relief on crypto cost-basis ...

Baker Hughes Company Limited (Appellant) is a company incorporated in Nigeria with its registered office at 11 Babafemi Osoba ...

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final regulations that significantly ...

On December 4, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations, TD 10015, ...

IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep.

The following summarizes some of the available tax relief procedures for taxpayers affected by the Palisades, Eaton, Hurst, ...

Danny Werfel’s term has not yet expired, but the president-elect has already said he wants to appoint a new IRS chief.

Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...