The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

Carbon tax concessions granted to global oil giants may undermine incentives to shift to cleaner energy, environmentalists ...

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

The U.S. Senate unanimously passed the Internal Revenue Service Math and Taxpayer Help Act, which will take effect 12 months after the president signs it. The IRS MATH Act amends Section 6213(b) of ...

Chicago Mayor Brandon Johnson joins Lisa Dent to discuss federal ICE agents in Chicago, and his proposed tax plans. Mayor Johnson shares his dissatisfaction with the detainments made by ICE.

Legislation passed on July 4 brought a major shift to the firearms suppressor world. Starting Jan. 1, 2026, the $200 federal ...

(NEXSTAR) – Millions of Americans could see a financial bump thanks to inflation adjustments to the tax code announced by the IRS Tuesday. The changes to federal brackets, prompted by the rising costs ...

“Treasury and the IRS understand there might be challenges implementing the new law and have determined it is in the interest of sound tax administration to provide limited penalty relief related to ...

Big changes are underway at the IRS. The agency has just appointed a new leader for its tax enforcement divisions and issued new penalty relief tied to a controversial tax law taking effect in 2026.