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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 House Passes Permanent Sales Tax Deduction,
by Mike Godfrey, Tax-News.com, Washington
Last updated 14 hours ago | Monday, April 20, 2015
The US House of Representatives has passed a permanent renewal of the itemized deduction of state and local general sales taxes in lieu of state and local income taxes, another of the selected "tax extenders" that expired at the end of 2014 that the Republican party has chosen to extend. [ FULL STORY ]
US Bipartisan Trade Promotion Authority Bill Introduced,
by Mike Godfrey, Tax-News.com, Washington
Friday, April 17, 2015
On April 16, Senate Finance Committee Chairman Orrin Hatch, its Ranking Member Ron Wyden, and House of Representatives Ways and Means Chairman Paul Ryan introduced bipartisan, bicameral Trade Promotion Authority (TPA) legislation that would establish concrete rules for US international trade negotiations. [ FULL STORY ]
US Lawmakers Look To Business For Tax Reform Help,
by Mike Godfrey, Tax-News.com, Washington
Thursday, April 16, 2015
House of Representatives Ways and Means Committee Chairman Paul Ryan and Senate Finance Chairman Orrin Hatch have sent a letter to a coalition of small businesses asking for ideas on how to cut the effective tax rate for US pass-through businesses, which pay tax at individual income tax rates. [ FULL STORY ]
Mexican Senate Proposes FTA With Cuba,
by Mike Godfrey, Tax-News.com, Washington
Thursday, April 16, 2015
Mexico's Senate has urged the Government to boost economic relations with Cuba, with a view to the possible signing of a free trade agreement. [ FULL STORY ]
EFTA Parliamentary Committee Discusses TTIP ,
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, April 16, 2015
The European Free Trade Association has said that it is important to bear in mind the impact the proposed Transatlantic Trade and Investment Partnership will have on close trading partners of the European Union and US. [ FULL STORY ]
China Launches AD Investigation Into Paper Imports,
by Mary Swire, Tax-News.com, Hong Kong
Thursday, April 16, 2015
China's Ministry of Commerce has decided to conduct an anti-dumping investigation into imported unbleached sack paper originating in the European Union, the United States, and Japan. [ FULL STORY ]
IRS Reminds Taxpayers With Foreign Assets To File Returns,
by Mike Godfrey, Tax-News.com, Washington
Tuesday, April 14, 2015
The Internal Revenue Service has reminded American citizens and resident aliens, including those with dual citizenship, who have lived or worked abroad during all or part of 2014 that they may have a US tax liability and a filing requirement in 2015. [ FULL STORY ]
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