The IRS rolled out new cryptocurrency tax reporting rules effective Jan. 1, 2025, targeting brokers and investors with stricter record-keeping and reporting requirements. These changes aim to ...

These provisions focus on improving clarity, transparency, and tax compliance in the crypto space. The IRS has introduced new rules to improve tracking. These rules apply to deadlines and the use ...

The most a person can earn in a year and still be claimed as a dependent is $4,400, by 2022 IRS rules. Does being claimed as a dependent affect my tax return? Yes, it definitely does. You can't ...

Plus: A new IRS commissioner, update on the Big Beautiful Bill Act, the jock tax, donating clothes to charity, IRS efforts to ...

It has been noted that people may be receiving more voicemails offering assistance with IRS debt, which can be stressful for ...

a reminder that this income has already been reported to the IRS. Additionally, if your business accepts Venmo or Paypal payments, the same rules will apply. The Tax Counseling for the Elderly ...

If a taxpayer is unable to afford their complete tax debt, they may be able to make a compromise for a lower amount due. A ...

If you are still waiting for your 2025 IRS tax refund, you are not alone. While many taxpayers have already received their deposits, several factors could be delaying yours. The average 2025 tax ...

the person has to be your dependent (or meet certain IRS rules if they aren’t). It’s also crucial to include the correct Social Security Number on your tax return. It might help to think of it ...