The Internal Revenue Service (IRS) issues a set of final regulations regarding the new information reporting requirements for certain life insurance contract transactions and modifications to the transfer for valuable consideration rules in the United States. You can view the…

The Internal Revenue Service (IRS) today releases a press to urge all tax professionals and tax return preparers throughout the United State to renew their Preparer Tax Identification Numbers (PTIN) as soon as possible in 2019. The statement is made…

The Internal Revenue Service (IRS) recommends all small, medium and commercial scale business owners to e-file their payroll taxes in the United State of America. 31st October 2019 is the payroll quarterly returns due date, as announced by the Internal…

The Internal Revenue Service (IRS) presents the facility of online seminars from 2019. At IRS Nationwide Tax Forums for the taxpayers and other related personnel in the United States. If you are tax professional in the United States, you just…

The Internal Revenue Service (IRS) just announced the taxpayers to renew their expiring Individual Taxpayer Identification Numbers (ITINs) quickly in 2019 to avoid refund delay next year. The submission of new Individual Taxpayer Identification Numbers can be submitted as soon…

The Internal Revenue Service (IRS) revises income-reporting Form 1040 and asks the taxpayers an additional question regarding virtual currency. New version of schedule 1 form 1040 (downloads as a PDF) is issued by the Internal Revenue Service that will be…

The Internal Revenue Service (IRS) issues two new guidance for the cryptocurrency business owners in the United States who are involved in any kind of transactions based on virtual currency. With the amendments in the cryptocurrency guidelines by IRS, the…