Under Notice 2025-57, the Treasury and IRS are granting temporary relief for entities required to report car loan interest ...

Notice 2025-57 explains how businesses should report interest to car purchasers so they can deduct it under the OBBBA.

Due to the government shutdown, IRS operations are limited. Some operations, like Criminal Investigation, are open, while ...

In a letter to Treasury Secretary Scott Bessent and senior IRS official Gary Shapley, 14 Democratic lawmakers wrote that ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the ...

The agency said it is providing the relief because both lenders and the IRS need more time to comply with the new car loan ...

The IRS is raising standard deductions for 2026 — up to $32,200 for joint filers and $16,100 for singles — along with larger ...

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

The AICPA praised the Senate passage of the bill, saying it will enhance IRS operations and improve the taxpayer experience.

The Department of Treasury is transitioning to fully electronic payments, a change that means tax refunds issued by the IRS ...

A federal tax lien has recently been filed against West Virginia Senator Jim Justice, totaling more $8 million.