The Internal Revenue Service has made recent improvements to the 'Where's My Refund?' tool on IRS.gov, providing taxpayers with more comprehensive information about their refund status. The tool now provides IRS confirmation of receipt, approval of the tax refund, and the issuing date of the approved tax refund.

The IRS Commissioner, Danny Werfel, advises taxpayers to be cautious of aggressive marketing around the Offer in Compromise (OIC) program. He emphasizes that while the program is legitimate, it's not for everyone and there are specific requirements needed to qualify.

A new analysis from the U.S. Department of the Treasury and the IRS reveals that the Inflation Reduction Act (IRA) could potentially increase revenue by $561 billion over 2024-2034, a significant increase from previous estimates. If IRA funding is renewed, estimated revenues could reach as much as $851 billion.

As the tax deadline approaches, it is imperative that small business owners stay informed about any tax changes and new legislation.

The expanded timeline for the Public Service Loan Forgiveness (PSLF) program is coming to an end on April 30.

The idea of a four-day work week is gaining traction in the corporate world, with companies reporting increased efficiency and positive impacts on staff well-being.

The IRS has issued clear warnings about its increased scrutiny of high-net-worth individuals, especially those using risky tactics to reduce tax obligations. This video provides strategies for optimizing your financial situation while staying within the bounds of the law. 

This detailed analysis of Employee Stock Ownership Plans (ESOPs) provides key insights into their financial and tax implications for businesses and their employees. It delves into their potential for charitable giving, the strategic role of Qualified Replacement Property (QRP), and the importance of IRS compliance in ESOP structures.

As we approach the tax filing deadline, the IRS has provided an array of tips to aid taxpayers in avoiding errors and speeding up potential refunds. From collecting tax-related paperwork such as Forms W-2 and 1099, to understanding the importance of correct filing status and reporting all taxable income, these tips serve as a comprehensive guide to an efficient tax filing process.

The Minnesota Secretary of State’s office has announced an exciting opportunity for Minnesota-based entrepreneurs, researchers, inventors, and small business owners. The MN Cup, organized by the University of Minnesota, is a competition designed for companies with less than $1 million in annual revenue. The competition offers free education, mentorship, promotional opportunities, and seed funding for those that advance.

Holding companies offer benefits such as tax efficiency, liability protection, and privacy, but they also present challenges and complexity. This article provides an overview of what holding companies are, how they work, and their pros and cons.