The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and ...

The IRS has published a private letter ruling on Section 2056(b)(7), granting the taxpayer an extension of time to make a qualified terminable interest property (QTIP) election on a supplemental ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to spur direct deposit.

I recently received a “Federal Juror Qualification Questionnaire ” in the mail. The letterhead says “United States District Court ” and it asks me to fill out a questionnaire online. It looks ...

(NEXSTAR) – The self-described tax experts of TikTok and other social media sites have cost American’s $162 million in penalties since 2022, the IRS said in a news release Monday. Advice on the most ...

Altoona is facing the loss of a valued government service with the closure of the IRS office downtown. This office serves thousands of taxpayers annually, mainly small business owners, the elderly and ...

The Internal Revenue Service has been mailing out letters to federal workers saying they are among around 525,000 current and former employees who owe back taxes. The IRS began mailing the letters ...

Editor: No one likes to pay taxes, but we need taxes to fund important government programs. We need the government to be fair and even-handed. A new IRS policy will reduce the number of audits of the ...

The letters are designed to warn taxpayers that crypto investments they declared on their most recent tax returns might not be accurate, Fortune reported — and there are a lot more of those letters ...

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