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Tax-Free Tips Occupations Finalized…Are you Eligible?

Tax-Free Tips Occupations Finalized…Low-Income Workers Expected to Benefit Treasury Announces 8 Industries and 68 Eligible Jobs Up to $25,000 Deduction Through 2028 Tax YearRestaurant, Beauty, Driving,...

Parents advised to utilize tax-saving strategies for childcare amid rising costs

As inflation continues to drive up the cost of raising children, taxpayers can take advantage of tax benefits designed specifically for parents. Understanding and...

Taxpayers urged to file early amid IRS restructuring and potential delays

The 2025 tax filing season is facing heightened uncertainty as the new administration pushes for a major restructuring of the IRS, including budget cuts,...

Korea Times mediation with federal agency collapses over $8M tax dispute

The Korea Times' ongoing settlement process with the government agency over $8 million in back federal income taxes has fallen apart. The U.S. District Court...

Taxpayers receive incorrect delinquency and levy notices as IRS resumes tax collection

As the IRS has resumed sending delinquency notices and stepped up collection of unpaid taxes, taxpayers are increasingly receiving notices of tax delinquency and...

Korea Times sued by the U.S. government for $8 million back taxes

Korea Times Los Angeles has been sued by the U.S. government for owing nearly $8 million in federal taxes. The U.S. Attorney's Tax Division filed...

Residents of Southern California affected by the storm are offered tax report extension to May 15

California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal...

Korea, U.S. work on IRA incentives for local EVs

Seoul and Washington will work out their differences on the American law on tax credits for electric vehicles (EVs), said Second Vice Foreign Minister...

Rapper Dok2 called out by Korea’s National Tax Service for outstanding fees

Rapper Dok2 was named among the delinquent taxpayers with 300 million won ($230,000) worth of taxes overdue for over a year, according to the...

Some Businesses Still Ignoring Sales Tax Change

A number of businesses in Los Angeles County still have not applied the new sales tax rate, according to the Korea Daily’s findings. Starting from...

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