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 ...

The IRS has announced that new tax-reporting rules are forthcoming for overtime compensation under recent federal tax legislation commonly known as the “One Big Beautiful Bill” (the “Bill”). 1 ...

Brian-Damien Morgan is an award-winning journalist and features writer. He was lucky enough to work in the print sector for many UK newspapers before embarking… We uphold a strict editorial policy ...

One of the most tax-friendly provisions of an IRA is the ability for IRA owners who are at least age 70½ to donate up to $108,000 (2025 limit) directly to an eligible charity from their IRA. This is ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. With tax day approaching, taxpayers may be staring at a key question at the top of ...

The Internal Revenue Service introduced a new web page Thursday where taxpayers can confidentially report suspected tax fraud schemes, scams, evasion or other tax-related illegal activities.

SACRAMENTO, Calif.--(BUSINESS WIRE)--The Internal Revenue Service and the State of California have different definitions on who can prepare tax returns for a fee. The procedures for reporting ...

Internal Revenue Service (IRS) guidance clarifies digital asset broker obligations under § 6045, including who qualifies as a broker and when customer-provided information can be used for reporting.

Form 1099-DA only captures part of your crypto activity. Here is what the IRS can still see, and why your own records matter ...