The Internal Revenue Service (IRS) has released the 2015 update to Publication 54, which provides guidance on the special tax compliance rules for US citizens and resident aliens who work abroad or...
If you are unsure of your filing status or have multiple statuses, the IRS advises using its interactive tax assistant. Make sure names, birthdates and Social Security numbers are correct...
Clean energy investments can now benefit from new tax incentives, the IRS has announced.
The IRS extended tax deadlines for counties across several states after the Federal Emergency Management Agency declared them disaster areas. Disaster areas are designated following a...
The IRS will offer tax relief to individuals and businesses in parts of the Golden State affected by the storms and flooding that began on January 21, according to an announcement made on...
If you are late paying your taxes, the IRS levies five percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of your...
The Internal Revenue Service (IRS) is part of the U.S. Department of the Treasury and enforces and administers federal tax laws, processes tax returns, and completes audits.
The IRS has issued a warning about lucrative tax schemes offered by criminals that can result in serious consequences for taxpayers.
How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal wi...
The IRS has issued final regulations that provide taxpayers and tax professionals with guidance on how to report and pay the excise tax owed on corporate stock repurchases.