The U.S. Department of the Treasury and the Internal Revenue Service have issued final regulations allowing tax-exempt entities that are partners ...

This boost in tax revenue occurred because of the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

Typically, in bankruptcy proceedings a creditor must return payments made shortly before the debtor filed for bankruptcy. At Monday’s argument in United States v. Miller, the justices were asked to ...

When someone makes a payment to a creditor shortly before filing for bankruptcy, the Bankruptcy Code requires the creditor to return the funds. But whether those same obligations apply to the Internal ...

There should be no tax penalties to closing an IRA account as long as you follow the rules carefully. Learn how tax penalties ...

Americans paid private tax preparers nearly $850 million in fees for special-purpose bank accounts to receive their tax refunds in the most recent tax year, according to a new government report that ...

The IRS describes rental income as “any payment you receive for the use ... unbiased content in our editorial policy. Internal Revenue Service. “Publication 527, Residential Rental Property ...

Whether you've experienced a change in your financial situation or underestimated what you owed, the Internal Revenue Service (IRS) has procedures in place to collect the money. Failing to pay ...

"Currently Not Collectible." Internal Revenue Service. "Additional Information on Payment Plans." Internal Revenue Service. "Penalty Relief Due to Reasonable Cause." ...

Internal Revenue Service. "Pay As You Go, So You Won't Owe: A Guide to Withholding, Estimated Taxes, and Ways to Avoid the Estimated Tax Penalty." Internal Revenue Service. "Form 1040-ES ...

Rossella De Berti / Getty Images The Internal Revenue Service (IRS) releases updates on federal income tax rates, tax bracket ranges, and allowances annually. These figures apply to tax law ...