The National Taxpayer Advocate recently announced sweeping changes to the IRS' penalty assessment procedures related to ...

Here’s some election news that doesn’t involve politics: the IRS is finalizing a long-awaited official form for the Section 83(b) tax election. Here's why that matters.

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

This is the first time this has been true for the university since they became a tax-exempt organization in 2007.

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 ...

The federal adoption tax credit is slightly higher for 2024. Here’s what you can claim under the tax break designed to help ...

The Canada Revenue Agency said this week that it is extending an exemption to the reporting requirements for bare trusts for the 2024 tax year.

A tax return is a document showing whether or not you’ve paid the correct amount in taxes throughout the year. Since many of ...

We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms ...

Learn how contributions to your health savings account (HSA) can be tax deductible, helping you save on healthcare expenses ...

The new form will allow employees to offset Tax Deducted at Source (TDS) and TCS collected from non-salary sources against ...