"Very simply, it adds to the tax burden of those who inherit an IRA or a qualified workplace retirement savings plan," said ...

The year was packed with developments for health and welfare benefits plans. Our Health Benefits Team reviews 2024, from new ...

A new report reveals how the world’s richest man, and close Trump ally, failed to meet a basic IRS rule last year.

The Treasury Department’s rule for implementing the Inflation Reduction Act’s (IRA) renewable energy tax credits will ...

IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of ...

ProPublica’s “Secret IRS Files” series contains examples of billionaire financiers who avoided Medicare tax despite earning ...

On December 4, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) released final regulations providing further guidance ...

The IRS is set to revolutionize the tax filing process in 2025 with expanded Direct File access and significant tax code ...

Private foundations must donate 5 percent of their assets every year. Elon Musk’s enormous charity missed that standard for ...

Anyone who earned over $5,000 in income through third-party apps will receive a 1099-K tax form to file with your tax return.

"Generally, yes, losses incurred from trading options are considered short-term capital losses depending on the length of ...

Before making a gift to someone, it’s important to understand how it will be taxed and the IRS’s annual and lifetime gift tax ...