Sometimes the IRS lets you fix a mistake without a penalty. Here are some instances, including examples involving IRAs and RMDs.

What follows are my initial responses to Trump’s creation of the External Revenue Service, or ERS, future rival of the IRS.

"Publication 583: Starting a Business and Keeping Records," Page 7. Internal Revenue Service. "Publication 510: Excise Taxes," Pages 1–2. Internal Revenue Service. “Excise Tax.” U.S. Centers ...

The Internal Revenue Service (IRS) has announced a one-year delay for the earliest potential effective date of specific ...

Taxes are a part of life for everyone. But when it comes to running a business, investing in real estate, or managing ...

In 1986, the IRS claimed that 941,000 Americans were ... After the American Revolution, Americans paid excise taxes on liquor and real estate. Income taxes were first introduced during the Civil ...

The Taxpayer First Act (“TFA”), which was signed into law on July 1, 2019, makes the most significant changes to administrative procedures since ...

The Department of Labor (DOL) has issued a much awaited amendment to its Voluntary Fiduciary Correction Program (VFC Program). Notably, the ...

Let’s say you’re 73 years old and enjoying a comfortable retirement — but you don’t need the funds you’re required to ...

The Internal Revenue Service has announced tax relief for individuals and businesses in the entire state of Georgia that were ...

The DOL updated its voluntary fiduciary correction program (“VFCP”) which was introduced over 20 years ago to allow plan sponsors to ...

Table disservice; down on the farm; a barebones job; and other highlights of recent tax cases.