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

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

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

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

In 2025, millions of Americans will benefit from significant tax exemptions due to updates by the Internal Revenue Service ...

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.

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 ...

Do you consider yourself a resident of two states? If so, then figuring out tax rules can be understandably tricky, especially when you think about how that affects your taxes. Here's an overview ...

Prepaying income tax on a retirement account might be a good idea. Or it could be a really bad idea. Read this before pulling ...

One of Sean “Diddy” Combs’ accusers has given an anonymous on-camera interview about his sexual assault allegations against the music mogul, marking the first time an alleged victim of Combs has done ...

Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this ...