The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

As President Trump continues to make sweeping changes to federal agencies, sections of the IRS’s Internal Revenue Manual ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

The IRS is aiming to change the rules for tax professionals. The U.S. Treasury Department and the IRS have released proposed regulations to update the rules for certain tax professionals ...

IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

The IRS has rolled out new regulations for crypto tax: Rev. Proc. 2024-28 In other words, if you hold crypto, it’s time to ...

In January 2025, the IRS provided crucial updates on the federal tax status of special payments made by 21 states. These ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

The 2025 tax season starts Jan. 27, with Tax Day on April 15. Taxpayers can request extensions until Oct. 15 but must pay ...

Tax deductions, tax credit amounts, and some tax laws have changed since you filed your last federal income tax return.