The IRS announced that a new online application system for compensated tax return preparers is expected to go live in mid-September. The IRS has proposed to require all individuals who receive compensation for preparing all or substantially all of…

As a small business owner you may hire people as independent contractors or as employees. There are rules that will help you determine how to classify the people you hire. This will affect how much you pay in taxes, whether…

Victims of severe storms and flooding beginning July 22 in parts of Illinois may qualify for tax relief from the IRS.

The President has declared the following counties a federal disaster area: Carroll, Cook, DuPage, Jo Daviess, Ogle, Stephenson, and…

Victims of severe storms, flooding, and tornadoes on June 1 in parts of Iowa may qualify for tax relief from the IRS.

The President has declared the following counties federal disaster areas: Black Hawk, Cherokee, Clayton, Decatur, Delaware, Dubuque, Fayette,…

WASHINGTON — Consistent with a Financial Management Service initiative announced in April of this year, the IRS today issued proposed regulations to significantly increase the number of electronic transactions between taxpayers and the federal government.

The proposed regulations (REG 153340-09)…