Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming ...

One of the highest priorities for the incoming Trump administration should be to end the Democrats' weaponization of powerful ...

President Trump’s nomination of former Rep. Billy Long as the next commissioner of the Internal Revenue Service marks a pivotal moment for ...

IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of ...

Consider purchasing an ETF if you sold a stock for a loss and want to repurchase it without violating the wash sale rule. The ...

Progressive lawmakers joined advocates on Wednesday in denouncing Trump’s selection of Long, who since leaving office in 2023 ...

In this episode of Tax Notes Talk, a Tax Notes investigation unveiled how money sheltered in offshore insurance investment ...

Most working Americans have to pay Medicare taxes, but some of Wall Street’s richest figures found a way to opt out.

Some investors seeking to achieve the maximum level of tax efficiency have found the IRS wash sale rule problematic. It postpones the tax advantages of a capital loss to a future time, whereas ...

The IRS also announced Thursday that it has collected $292 million from more than 28,000 high-income non-filers who have not filed taxes since 2017, an increase of $120 million since September.

You'll need it to report short- and long-term capital gains to the IRS When you sell or exchange capital assets like stocks, bonds, real estate, or artwork, you must report these transactions on ...

“Since leaving Congress, Billy has worked as a Business and Tax advisor, helping Small Businesses navigate the complexities of complying with the IRS Rules and Regulations,” Trump said in a ...