On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

The IRS restarted processing ERC claims following a one-year pause, but it’s been slow to reduce its backlog. At one point, ...

If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...

Most people already received their stimulus money when they filed 2021 tax returns but scammers are pouncing on anxiety about tracking tax refunds.

Here’s the catch, it contains a fake link mimicking that of the IRS website. As a rule, the IRS does not contact taxpayers by text or email. Here are simple steps you should be taking to avoid a scam ...