The TAS Act aims to modernizing the IRS, has bipartisan support and open for public comment until March 31, 2025.

In response to the recent wildfires ravaging southern California, the IRS has announced tax relief. This measure, primarily benefiting Los Angeles County residents, pushes back various tax ...

Though the billionaire presidential adviser created confusion when he said he’d “deleted” the agency behind it, the free ...

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 ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

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 ...

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).