Ryan Finley explains why the IRS’s recent advice memorandum on periodic adjustments may signal a significant change in ...

As tax season unfolds in the United States, millions of taxpayers are diligently preparing their returns. While some eagerly ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The IRS will follow up with you if you fail to pay your tax liability. Despite advancements in technology, the IRS is still ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

Splitting an IRA among heirs is often the best choice for parents so that there is no dissension or in-fighting among ...

Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

The Minnesota Department of Revenue will open the state individual income tax filing season Jan. 28. For Minnesotans’ benefit and convenience, this date matches the opening day for the ...