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.

For years, Republicans, including President Donald Trump, have railed against the IRS and its cadre of armed agents. Now the administration ...

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and ...

For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...

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 ...

The legislation it refers to made various changes to the Internal Revenue Code that made it significantly easier for the IRS ...

There are an enormous number of side gigs that could help you earn a little extra cash each month. Whether you want to drive ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

President Donald Trump said Palestinians in Gaza would not have a right to return under his plan for U.S. “ownership” of the war-torn territory, contradicting other officials in his administration who ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.