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The IRS has announced the allocation, in two tranches, of $2 billion of volume cap to tribal governments under the new TEDBs program.

Tax Tip 2022-109, July 19, 2022 ¡ª When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. obÌåÓýever, by law, business taxpayers who pay nonemployee compensation of $600 or more must report these payments to the IRS.

Find information on the additional Medicare tax. This tax applies to wages, railroad retirement compensation and self-employment income over certain thresholds.

IR-2024-129, May 1, 2024 ¡ª The Internal Revenue Service reminds taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11.

Information on the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) and how it affects a foreign person with real property interest.

Extension of deadlines for combat zone service.

Archive of web versions of the commissioner¡¯s comments, statements and remarks.

One of the advantages of operating your own business is hiring family members. obÌåÓýever, the employment tax requirements for family employees may vary from those that apply to other employees.

Employer Fringe Benefit Changes for 2018

A list of foreign insurers/reinsurers with closing agreements establishing a treaty-based exemption from the section 4371 excise tax on insurance premiums.