The IRS launched its Direct File pilot in 12 U.S. states in March 2024, which has now been expanded to 25 states. It allows taxpayers to submit simple tax returns directly with the government agency ...

Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked ...

President Trump signed an Executive Order deferring payroll tax in the wake of the COVID-19 pandemic and it impacted the take-home pay of certain individuals.

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with ...

The system encourages those coming to America seeking a better life to participate in society to the fullest extent possible.

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

The IRS has introduced significant changes affecting millions of taxpayers using payment apps like Venmo, Cash App, and ...

If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will ...

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).

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...