On January 16, 2025, the Internal Revenue Service (“IRS”) issued Revenue Ruling 2025-4 (the “Rev. Rul.”). The Rev. Rul. provides guidance on ...

Workers who are paid low wages − and in many cases are trying to raise children on overstretched paychecks − can qualify for ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

A guide to tax rates, brackets, refunds, deductions, credits, deadlines, and dealing with the IRS-both before and after you file your 1040.

Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to ...

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 phrase “undocumented immigrant” is deeply misleading, if not outright inaccurate. It implies that there is a mass of ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.

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