The IRS recently announced that the agency has become aware of limited circumstances in which it may be appropriate to provide relief from double taxation resulting from application of the repatriation tax under section 965, as amended by the Tax Cuts and Jobs Act also known as the TCJA. The [...]

The Internal Revenue Service is reminding all active-duty military personnel that IRS Free File offers them multiple options for free federal tax preparation. Free File is for individuals or families whose adjusted gross income was $69,000 or less last year. Free File is a private-public partnership between the IRS and [...]

The Internal Revenue Service recently announced an agreement (PDF) with Free File, Inc. FFI designed to bring more clarity for taxpayers choosing to use free online software during the 2020 filing season. The agreement reached will help make the Free File program more taxpayer-friendly while strengthening consumer protections in several key areas. [...]

Experian released key findings from its annual State of Credit report revealing the average credit score hit an eight-year high at 682. Experian's report provides a year-over-year view of average credit scores, debt, delinquencies and card balances. In preparation for a new decade, this year's report took a close comparative [...]

The Internal Revenue Service is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee also known as the ETAAC. According to an IRS news release, the ETAAC is an organized public forum for discussion of electronic tax administration issues, such as prevention of identity theft and refund [...]

The Internal Revenue Service recently issued final regulations (PDF) providing details about investment in qualified opportunity zones (QOZ). The final regulations modified and finalized the proposed regulations (PDF) that were issued on Oct. 28, 2018 and May 1, 2019, according to an IRS news release. The final regulations provide additional guidance for [...]