The IRS issued guidance on Thursday updating prior standard mileage rules to reflect provisions of the law known as the Tax Cuts and Jobs Ac

Natural disasters can – and do – happen at any time. Whether it’s a hurricane, fire, flood, earthquake or tornado, there are things people c

Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benef

The Internal Revenue Service today urged business owners to take advantage of the speed and convenience of filing these returns electronical

The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provid

With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property

Tax professionals should learn the tell-tale signs that their office may have experienced a data theft. Such thefts could have resulted in

Some taxpayers may think they need to visit an IRS office for help in person with their tax issues. However, many of these people may actual

With school back in session, parents and students should look into tax credits that can help with the cost of higher education. They do this

Disasters can strike without warning, causing damage and destruction. Before the IRS can authorize tax relief, the president must declare a

Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom supplies. Doing this through

The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only r

The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate,

Under tax reform, eligible employers who provide paid family and medical leave to their employees in 2019 may qualify for a business credit

Taxpayers who claim at least one child as their dependent on their tax return may be eligible to benefit from the child tax credit. It’s imp

Taxpayers who donate to a charity may be able to claim a deduction on their tax return. These deductions basically reduce the amount of

There are two education credits that can help taxpayers with higher education costs: the American opportunity tax credit and the lifetime le

The Internal Revenue Service today wants small business owners who are employers to know that the Electronic Federal Tax Payment System ha

Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years.. O

Businesses that use a car or other vehicle may be able to deduct the expense of operating that vehicle on their taxes. Businesses generally