Internal Revenue Service (IRS)

Wealthy Americans should be prepared for audit levels they haven’t seen in decades, if the Democrats’ tax and climate bill passes the House.

This tax break has been in the crosshairs of Congress for years but was removed from Senate Democrats’ Inflation Reduction Act.

You can adopt either a defined contribution Keogh plan or a defined benefit Keogh plan. As you might expect, the rules for these variations generally

The state of Georgia's taxation department has announced that taxpayers can claim fertilized embryos as dependents for tax purposes.

The man underreported to his return preparer the actual amount of income he received from the sale of his stock, which was worth $4.1 million.

The MegaMillions jackpot hit $1.28 billion on Friday, as millions of Americans bought tickets to unimaginable wealth (and unlikely luck). The winning numbers are...

It also includes significant tax changes, although a tougher international tax regime and a controversial “millionaire’s tax” are notably missing from the final version of the bill.

What used to be a longshot of being chosen, now has business leaders working to be audit ready at any time.

Prosecutors say they used unreported income to fund a lavish lifestyle that included multiple luxury vehicles, expensive watches, investment accounts and real estate.

It just got a little easier for wealthy families to benefit from a favorable estate tax break. In a new ruling, the IRS has extended the time for making the simplified ...

Many provisions in the tax law are indexed for inflation, so they go up virtually every year. Yet there are several interesting twists and turns for taxpayers.

The Internal Revenue Service and the Federal Trade Commission will sponsor a free webinar designed to help everyone recognize and combat tax scams and tax-related identity theft.

The legislation would direct the IRS to create software that would allow any taxpayer to prepare and file their individual income tax return beginning in tax year 2023.

He claimed $165 million in refunds on behalf of the purported trusts. The IRS paid $5 million of the requested refunds. Mattox used those funds to purchase a new house ...

These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment ...

Identity thieves were especially active this past year as they continued to use the pandemic, nationwide teleworking practices and other events as predatory ...