As the 2025 tax season kicks off, the IRS may start sending letters to taxpayers eligible for the Child Tax Credit and ...

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...

The IRS has published a private letter ruling on Section 2642 granting an extension of 120 days to allocate the taxpayer’s generation-skipping transfer (GST) exemption to transfers made to a ...

House Ways & Means Committee Chairman Jason Smith is calling for a complete overhaul of the Internal Revenue System, ...

The Child Tax Credit (CTC) has been a lifeline for many American families, especially during the COVID-19 pandemic.

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...

Critics called the policy, offered to thousands of federal employees, "legally dubious" and "intentionally misleading".

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

If you expect your tax liability to exceed $1,000 for the year, the Internal Revenue Service (IRS) expects you to make quarterly estimated tax payments. You’re also responsible for self ...

Structured settlements are being used more than ever, settling personal injury lawsuits across the country to the tune of ...

"I knew the answer right away," Popovits said. It took another three months for the entire world to see it. Popovits's appearance on "Wheel of Fortune" finally aired Monday, and viewers were able to ...

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