Many taxpayers assume the amount they owe determines how the IRS will collect from them. In reality, one of the biggest factors is something else entirely: their ability to pay. That determination ...

These ten tax rules are simple, but they can save you money on your taxes, and can keep you out of harms way with the IRS.

A new IRS Individual Online Account feature lets taxpayers download a digitally authenticated compliance report for use when applying for jobs, loans, government benefits, and other services.

A slot jackpot feels like a windfall until the casino hands over a clipboard instead of cash, and that single form can ...

The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot claim a longstanding tax exemption ...

WASHINGTON — An organization representing career Internal Revenue Service employees has joined a lawsuit over the contentious settlement reached in connection with President Donald Trump’s lawsuit ...

The IRS has a rule that lets traditional IRA owners quietly quarantine a portion of their balance so it vanishes from the RMD calculation entirely, and most retirees have never heard of it.

Todd Blanche with President Donald Trump in the White House briefing room in 2025. (Manuel Ceneta / AP file) WASHINGTON — An organization representing career Internal Revenue Service employees has ...

Many New Yorkers who say they were mistakenly swept up in the city’s new pied-à-terre tax share one thing in common: They own their home through a trust. They are among those complaining that the city ...

A Type D tax-deferred spinoff or split-off followed by an S election may be available if the reorganization meets the requirements of Sec. 355 and Sec. 368(a)(1)(D), including a valid corporate ...

Accountant Mark Goodman tried to explain it to his clients delicately: setting up an offshore corporation in the Cayman Islands to hold their New York City pied-à-terre wouldn’t get them out of the ...

Ohio's annual sales tax holiday will not include dine-in restaurant meals this year. The 2026 tax-free period is shortened to three days, from Aug. 7 to 9. This year's holiday reverts to focusing on ...