The IRS has published a private letter ruling on IRC §2601 stating that the proposed merger of the taxpayer’s exempt trust into his spouse exempt trust will not affect the ...

The guidance aims to standardize treatment and improve compliance regarding retirement distributions that are not immediately ...

Last week, the IRS issued guidance on withholding and reporting issues related to uncashed retirement plan distribution ...

Revenue Ruling 2025‑15 (available here) provides guidance on withholding and reporting obligations when a plan participant or beneficiary fails to cash a distribution check and a replacement check is ...

The Internal Revenue Service is building a computer program that would give deportation officers unprecedented access to confidential tax data. ProPublica has obtained a blueprint of the system, which ...

Using the IRS tool can help, but it won’t answer all your questions. It's best to work with a lawyer in the end.

The IRS offers a special tax filing extension for U.S. citizens and residents living abroad, allowing them to file their 2024 tax returns by June 16, 2025. This automatic extension benefits ...

It is fairly common knowledge in CPA circles that the rate at which the IRS examines partnership returns has cratered. Because of this, it may have escaped notice that the IRS has methodically ...

Gifts you make throughout your lifetime can be protected from taxation by exclusions of many millions of dollars if you understand the rules and how to use them.

You may be able to claim a credit for child and dependent care services worth up to $6,000. To do this, you'll need to fill out IRS Form 2441.

Gary Shapley — who became famous after speaking out about alleged political influence in the Hunter Biden tax probe — is out as IRS director after just two days, following an internal struggle ...

To receive the stimulus money, taxpayers must file a 2021 tax return and claim the Recovery Rebate Credit on IRS Form 1040. Even individuals with no income must file a return to qualify.