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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.

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The resource for free online US taxation information.

Features Latest News
US Business Questions Public EU CbC Reporting,
by Mike Godfrey, Tax-News.com, Washington
Last updated 40 hours ago | Friday, February 12, 2016
Dorothy Coleman, Vice President at the National Association of Manufacturers, has expressed concern at "recent reports that the European Union is working on legislation to require global companies to publicly disclose tax and other financial information." [ FULL STORY ]
Tempur Sealy Hopes To Settle Danish TP Dispute,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 40 hours ago | Friday, February 12, 2016
Mattress manufacturer Tempur Sealy is hoping for a swift conclusion to an ongoing dispute with the Danish tax authorities which contributed to a fourth-quarter loss for the company. [ FULL STORY ]
Bill To Terminate US Tax Code Gets 100th Cosponsor,
by Mike Godfrey, Tax-News.com, Washington
Thursday, February 11, 2016
The US House of Representatives Judiciary Committee Chairman, Bob Goodlatte, has welcomed the 100th cosponsor to the Tax Code Termination Act, which would repeal the current tax code by December 31, 2019. [ FULL STORY ]
IRS Needs To Improve FUTA Processing,
by Mike Godfrey, Tax-News.com, Washington
Thursday, February 11, 2016
The US Internal Revenue Service needs to have better processes in place to ensure the accuracy of Federal Unemployment Tax Act credit claims, according to a report from the Treasury Inspector General for Tax Administration. [ FULL STORY ]
IRS Issues Revised Tax Guide For US Possessions ,
by Mike Godfrey, Tax-News.com, Washington
Thursday, February 11, 2016
The Internal Revenue Service has released a revised version of its Tax Guide for Individuals Receiving Income from the United States Possessions – American Samoa, Puerto Rico, the US Virgin Islands, Guam, and the Northern Mariana Islands – in 2015. [ FULL STORY ]
Obama Announces Final Budget,
by Mike Godfrey, Tax-News.com, Washington
Wednesday, February 10, 2016
President Barack Obama has proposed a record, election-year, USD4.1 trillion 2017 Budget, including various tax measures that are likely to be shut down by Republic lawmakers. [ FULL STORY ]
US Commerce Investigating 'Dumped' Tire Imports,
by Mike Godfrey, Tax-News.com, Washington
Wednesday, February 10, 2016
On February 4, the US Commerce Department decided to initiate antidumping and anti-subsidy countervailing duty investigations into imports of certain new pneumatic off-the-road tires from China, India, and Sri Lanka. [ FULL STORY ]
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    Daily news about all aspects of US taxation and tax-efficient investment. The US tax feed comes from tax-news.com, the Web's premier site for tax, offshore and alternative investment news. The US edition has 20 current stories and is refreshed daily.
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