The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...

Rhode Island sellers face growing tax exposure on long-held homes. Even modest properties near Providence and the coast are ...

Lawmakers noted their letter comes as “recent IRS staffing challenges caused by the Trump Administration” have complicated ...

Nevada sellers face growing tax risks as home values soar. Longtime owners are learning their equity could come with a costly ...

The IRS made clear that its revised interpretation still prohibits all non-profits from “participating” or “intervening” in a ...

The Harlem council member owes between $100,000 and $250,000 to the IRS, his 2024 annual financial disclosure shows.

Restaurant servers and factory workers could see significant tax breaks under recently passed legislation.

Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

People are concerned over changes to gambling deductions and new taxes passed by Congress in the Big Beautiful Bill.

Receiving a big tax refund can feel like winning the lottery. The direct deposit hits, and suddenly there’s extra money in your account. For many Americans, ...

The IRS office in Stockton is temporarily closed, impacting local access to tax services, with plans to staff it with employees from other locations.