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Tax Advisory Committee includes recommendations to Congress and IRS

The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) released its 2025 annual report today with 14 recommendations – four to Congress and 10 to the IRS. The committee recommended to the IRS to update tax…
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Alien taxation – Certain essential concepts

The taxation of aliens involves certain essential concepts as follows. Resident aliens A resident alien's income is generally subject to tax in the same manner as a U.S. citizen. If you are a resident alien, you must report all interest, dividends,…
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Dirty Dozen tax scams for 2025

WASHINGTON — The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses and tax professionals to watch out for common schemes that threaten their tax and financial…
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Interest rates remain the same for third quarter of 2025

WASHINGTON — The Internal Revenue Service announces that interest rates will remain the same for the calendar quarter beginning July 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.…
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U.S. taxpayers living abroad must file 2024 tax return by June 16

WASHINGTON — The Internal Revenue Service encourages taxpayers living and working abroad to file their 2024 federal income tax return and pay any tax due by Monday, June 16, 2025. The deadline applies to both U.S. citizens and resident…
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Missed the April tax-filing due date? Learn what to do

WASHINGTON — The Internal Revenue Service encourages taxpayers who missed the filing deadline to submit their tax return as soon as possible. Those who missed the deadline to file but owe taxes should file timely to avoid additional penalties…
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IRS encourages taxpayers to check withholding now for next year

WASHINGTON — The Internal Revenue Service reminds taxpayers that proper tax withholding now is key to avoiding surprises when they file their tax return next year. Making any needed adjustments earlier in the year means taxpayers won’t have…
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Topics for tax-exempt organizations ahead of May 15 filing deadline

As the May 15 filing deadline approaches for tax-exempt organizations, the Internal Revenue Service highlights important forms and topics to ensure successful and timely filing. The annual filing due date for certain returns filed by tax-exempt…
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Protect important records in case a natural disaster strikes

The Internal Revenue Service reminds taxpayers that disaster preparation season kicks off soon with National Wildfire Awareness Month in May and National Hurricane Preparedness Week, May 4-10. With tax season over and peak periods for disasters…