Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A ...

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

This latest round of IRS warning letters comes at a time of intense discussion over crypto tax policy in Washington. While ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Clear Start Tax outlines what crypto traders need to know to protect themselves. IRVINE, CA / ACCESS Newswire / July 9, 2025 ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

More than one-quarter of the agency’s workers have left in the past three months, raising the likelihood of service gaps and ...

Taxpayers could face significant hurdles during the 2026 tax filing season after the Internal Revenue Service (IRS) reduced ...

The IRS says pastors endorsing political candidates during services should not risk losing their tax-exempt status.

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...