The Latest Breaking News from IRS

When a loved one passes away, the bereaved family is left to navigate a maze of emotional and financial responsibilities. One of the most pressing concerns is settling the deceased’s outstanding debts. While it’s a common misconception that all debts are inherited, the reality is more complex. Certain types of…

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while dramatically hiking the fees immigrants must pay to access the asylum system.

Untaxed tips are an invitation to fraud, and bosses and customers react to them in unpredictable ways.

When tax season rolls around, there’s one form that employers absolutely cannot afford to fumble: the W-2

Side hustles are no longer just for millennials trying to crush student debt—retirees are getting in on the action, too. From freelancing to flipping furniture, older Americans are using side gigs to supplement Social Security and savings. But there’s one big catch: the IRS is watching. In recent years, the…

Credit card debt can feel like a heavy weight. The interest piles up, and the balance never seems to shrink. When you’re staring at a...

Artificial intelligence is taking over tax preparation at major brokerage houses, easing the burden on small and large investors. That means less time poring through spreadsheets, looking to save pennies, and more time growing long-term assets. 

Retirement accounts are supposed to be safe places for your money. You work hard, save, and expect those funds to be there when you need them. But what if you woke up one day and found your retirement account frozen? It happens more often than you might think, and it…

The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing  Coinbase Global Inc.'s (NASDAQ:COIN) user data.