What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...

Starting in 2026, U.S. taxpayers may face a significant shift in how the IRS and federal regulators track cash movements. The longstanding $10,000 reporting threshold is set to change, aiming to close ...

The Internal Revenue Service (IRS) has unveiled a new initiative that could potentially earn you an extra income if you report individuals engaging in illegal tax activities. This strategic plan is ...

Tax officials predict federal revenue could fall by 10% this season compared to a year ago amid big staffing cuts and changing behavior among tax payers, sources told The Washington Post. The decline ...

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

WASHINGTON -- The budget bill championed by President Donald Trump could complicate next year's tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an independent ...

(Bloomberg) -- The Internal Revenue Service lost 31% of its auditors from buyouts and layoffs tied to Elon Musk’s Department of Government Efficiency, departures that are likely to hamper the agency’s ...

If you're a new real estate investor, you might ask yourself, "Will the IRS know about my rental income?" The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...