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May 5, 2025 ¡ª Boston City Councilor Tania Fernandes Anderson pleaded guilty today in federal court in Boston to public corruption charges after receiving a $7,000 kickback from a staff member¡¯s city funded bonus.

Review a tax chart of information returns, reporting requirements and deadlines for Indian Tribal Governments.

Certain U.S. taxpayers holding specified foreign financial assets with an aggregate value exceeding $50,000 will report information about those assets on new Form 8938, which must be attached to the taxpayer¡¯s annual income tax return. Higher asset thresholds apply to U.S. taxpayers who file a joint tax return or who reside abroad.

If you filed a claim requesting a refund for an Employee Retention Credit (ERC or ERTC) and would now like to withdraw your claim, this page will tell you whether you are eligible to withdraw and how to do so.

IR-2024-56, Feb. 29, 2024 ¡ª In the continuing effort to improve tax compliance and ensure fairness, the Internal Revenue Service announced a new effort today focused on high-income taxpayers who have failed to file federal income tax returns in more than 125,000 instances since 2017.

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Check here for the latest news of interest to tax professionals. We will update the page periodically as the news comes in.

Frequently asked questions (FAQs) prepared in response to inquiries that have been presented to the IRS, intended to provide a basic understanding and awareness of the Rehabilitation Credit.

Tax Tip 2022-69, May 4, 2022 ¡ª Even though organizations like charities and foundations may be tax-exempt, the IRS still requires them to file certain information every year. For many of these exempt organizations, the deadline to file their 2021 information return is Monday, May 16, 2022.

Oct. 15, 2024 ¡ª The owner of several New Jersey masonry construction companies pleaded guilty to willfully evading taxes, U.S. Attorney Philip R. Sellinger announced today.