Reporting your digital asset income has changed this year. Learn how the new IRS rules will affect your tax filing and why ...

The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Form 2441 is used for claiming child and dependent care expenses Investopedia / Zoe Hansen IRS Form 2441 calculates the amount of the Child and Dependent Care tax credit an eligible family can claim ...

Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

Tax-related identity theft remains widespread and a potentially serious problem for victims, for whom authorized representatives can provide vital help.

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

Schedule C is an IRS tax form that reports profit or loss from a business. Sole proprietors or single-member LLCs typically use the form. Many, or all, of the products featured on this page are from ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

As a small business owner, you have a lot on your plate and filing your taxes might seem like an overwhelming task. But the right online tax-filing software can save you time, money and stress. CNBC ...

President Trump’s order to freeze federal civilian hiring includes an extra squeeze at the Internal Revenue Service. Under the order signed Monday, all agencies have hiring frozen for up to 90 days ...

For the first time since President Donald Trump rolled out his sweeping global tariff program in April, month-over-month customs receipts declined in November. Last month, the U.S. government ...