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

Congress ended EV tax credits early, prompting automakers to cut prices and explore lease incentives as sales are expected to slow. Government tax credits for electric vehicles expired Oct. 1 after ...

Nearly two years after Spokane County voters rejected a $1.7 billion criminal justice tax measure, supporters and opponents of that 2023 proposal have come together to try to draft a compromise plan ...

U.S. government shuts down after Democrats and Republicans can't agree on funding. Missing hiker found in ‘bad shape' used shorts to bandage feet, Idaho rescuers say Donald Trump suffers major legal ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

South Main Street in Sheffield, Illinois. The town is part of a 136-square-mile opportunity zone. The Treasury Department and the Internal Revenue Service issued guidance Tuesday on qualified ...

The IRS started phasing out paper refund checks today after an executive order earlier this year from President Donald Trump. The order, issued in March, requires the IRS to largely stop sending paper ...

All IRS staffers will work during the first five business days of a potential government shutdown, according to a lapsed appropriations contingency plan posted Monday. The plan said that money from ...

ZURICH, Sept 29 (Reuters) - Switzerland and UBS are signalling in private a willingness to compromise on capital rules, potentially paving the way for parliament to settle on lower requirements ...

Former IRS acting commissioner Doug O'Donnell, who is now a senior managing director of KPMG's Washington national tax practice, discussed the possibilities during a LinkedIn Live session on Thursday ...

HALIFAX — The Nova Scotia government has introduced a bill that would allow municipalities to reduce taxes on homes rebuilt after natural disasters such as wildfires, hurricanes or floods. Municipal ...

The IRS really means it this time when they say that high earners will have to start paying tax soon on their catch-up 401(k) contributions and then deposit them into workplace Roth accounts. Sort of.