The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

LAKE FOREST, IL – An Illinois physician, Dr. Krishnaswami Sriram of Lake Forest, has been sentenced to 34 months in prison after being convicted of health care fraud and for concealing assets and ...

Back by popular demand!  Rod Stewart returns to Las Vegas for his “Encore Shows” Las Vegas residency at the Colosseum at Caesar’s Palace!   You won’t want to miss these ...

A federal court this week struck down a controversial Internal Revenue Service “facts and circumstances” test for nonprofit ...

Because the IRS had offset a taxpayer’s liability from subsequent refunds, it was no longer pursuing a levy, and a petition ...

The IRS has extended the comment period for Form 6765 draft instructions on the Credit for Increasing Research Activities to ...

Individual retirement accounts (IRAs) are a common way to save for retirement. IRAs offer tax benefits and encourage you to leave funds untouched by imposing early withdrawal fees if you access the ...