The Latest Breaking News from IRS

Form 8582 helps individuals who earn income from rentals or businesses determine the losses they can deduct on their tax return for that year.

The beverage company has been in a long-drawn dispute with tax authorities in the U.S. over a $16 billion charge that it could possibly owe.

In human existence, there are a couple of fundamental things that we can’t choose. Not only can we not choose our genetics, birthplace, and environment from the get-go, but our names are typically given by our parents too. Fortunately, at least changing one’s name is possible. Although it’s quite a…

IRS Form 1099-K is used to report income received from electronic payment transactions, such as those made through eBay.

Gov. Tim Walz, the vice presidential candidate, told Republicans to "mind your own damn business" about abortion policy. Perhaps they should apply that concept further.

IRS employees are required to pay their taxes on time, but thousands slipped through the cracks.

An IRS offer in compromise (OIC) can help people with big tax debts pay less than they owe. Learn more about this program.

Are 401(k) plans really worth it? Here's how they work and the five advantages of owning a plan. Your older self will thank you for investing in one.

Millionaires often leverage provisions like backdoor Roth IRAs, 1031 exchanges, and business asset depreciation to reduce tax liabilities and preserve capital.

When you’re self-employed, you’re responsible for paying both the employer and employee portions of taxes. Here’s how to calculate both.

The PATH Act of 2015 created, extended, or improved several tax breaks that still benefit taxpayers today. Learn more about the impacts.