Under Notice 2025-57, the Treasury and IRS are granting temporary relief for entities required to report car loan interest ...

The Senate this week passed a bill to fix IRS math error notices for filers who make simple mistakes on their tax returns.

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Notice 2025-57 explains how businesses should report interest to car purchasers so they can deduct it under the OBBBA.

Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the ...

The AICPA praised the Senate passage of the bill, saying it will enhance IRS operations and improve the taxpayer experience.

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, ...

Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

Treasury CIO and DOGE representative Sam Corcos defended IRS layoffs as a “painful,” but necessary tool to reboot the ...

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

In a letter to Treasury Secretary Scott Bessent and senior IRS official Gary Shapley, 14 Democratic lawmakers wrote that ...

Senator Jim Justice, whose finances have been rocked by millions of dollars in recent claims by federal and state tax ...