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Annual federal tax refresher course frequently asked questions.

Follow the steps in this example to figure an imputed underpayment (IU) for a partnership filing an administrative adjustment request (AAR) under the Bipartisan Budget Act of 2021 (BBA).

Tax Tip 2022-91, June 14, 2022 ¡ª The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction.

A federal grand jury has returned a 43-count indictment charging a music label owner and purported anti-gang activist who is a long-time leader of a South Los Angeles street gang with dozens of felonies, including fraud, robbery, extortion, tax evasion, embezzlement of donations to his charity that receives public money, and running a racketeering conspiracy in which he allegedly murdered an aspiring musician, the Justice Department announced today.

Filing season statistics for week ending October 28, 2022: Cumulative statistics comparing Cumulative statistics comparing October 29, 2021 and October 28, 2022

Filing season statistics for week ending October 21, 2022: Cumulative statistics comparing Cumulative statistics comparing October 22, 2021 and October 21, 2022

Tax Tip 2022-113, July 26, 2022 ¡ª The IRS2Go app helps people find IRS tools and resources faster and with less scrolling. Taxpayers can use the IRS2Go app on their phone or mobile device to check their refund status, find tax help and more.

Tax Tip 2023-39, March 27, 2023 ¡ª A new scam circulating on social media urges people to use wage information on a tax return to claim false credits in hopes of getting a big refund.

Previous Year Quality and Tax Alerts for IRS Volunteer Program

Income and expense transactions must be reported in U.S. dollars on U.S. tax returns. Review a chart of yearly average currency exchange rates.