The Internal Revenue Service (IRS) released an updated frequently asked questions document for taxpayers and tax professionals this week regarding Form 1099-K, which is used to report income for ...

The IRS has answered some frequently asked questions (FAQs) related to distributions from retirement plans, IRAs, and retirement plan loans for individual taxpayers impacted by federally declared ...

The Internal Revenue Service has issued frequently asked questions about the tax treatment of work-life referral services provided to employees under an employer's program. Processing Content A ...

The IRS updated its frequently asked questions concerning the child tax credit this week, adding six more questions to a fact sheet posted on the agency’s website. See: 50 Ways You’re Throwing Money ...

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific ...

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on the new Form 1099-DA. The FAQ page, posted last week on IRS.gov, explains the ...

On June 17, 2024, the IRS issued Fact Sheet 2024-22, which includes nine FAQs about educational assistance programs. The Fact Sheet also links to a sample program document for employers. As background ...

The IRS has processed more than 78 million tax returns and issued more than 55 million tax refunds, as of late March 2025. If you're among the millions of Americans who have submitted your tax return ...

Inaccurate—and even fraudulent—employee retention credit (ERC) claims have long been creating headaches at the IRS. The One Big Beautiful Bill (OBBB) made changes designed to alleviate IRS’ burden ...

On April 20, the IRS issued Fact Sheet 2026-10, which provides FAQs about educational assistance programs and an updated sample program document. This fact sheet supersedes the IRS’ 2024 FAQs in Fact ...