If you’re a new real estate investor or buyer,, you might ask yourself, “Will the IRS know about my rental income?” ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

In the years after the Camp Fire, many Paradise residents received payments from the Fire Victim Trust to help rebuild after ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

The Early Tax Careers webinar is a one-day class designed for tax practitioners in their first through fifth years of practice seeking deeper proficiency. The program dives into the comprehensive ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

This easy tax filing system, which was previously provided through the IRS, will no longer be available to filers in 2026 ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...