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> Information provided on this site is for general guidance only and is often simplified. Actual IRS procedures are complex, and taxpayers should obtain professional assistance or use IRS sources for complete information.

 

IRS Issues New US Gambling Tax Regulations,
by Mike Godfrey, Tax-News.com, Washington
Last updated 23 minutes ago | Friday, March 6, 2015
The US Internal Revenue Service has released proposed regulations on the filing of information returns to report winnings from bingo, keno, and slot machine play, and a draft revenue procedure on an optional safe harbor method to determine a wagering gain or loss from electronically tracked slot machine play. [ FULL STORY ]
GOP Challenges US Immigrant Tax Credits,
by Mike Godfrey, Tax-News.com, Washington
Last updated 17 minutes ago | Friday, March 6, 2015
Internal Revenue Service Commissioner John Koskinen has confirmed that individuals benefiting from President Barack Obama's executive action on immigration will be eligible to claim refundable earned income tax credits. [ FULL STORY ]
IRS Blames Budget For Falling Tax Audit Stats,
by Mike Godfrey, Tax-News.com, Washington
Last updated 47 hours ago | Wednesday, March 4, 2015
Internal Revenue Service Commissioner John Koskinen has drawn attention to a link between the agency's budget and a decline in the number of tax audits undertaken in recent years. [ FULL STORY ]

 
 



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