Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

Opinion: Adequate disclosure can help start the statute of limitations on gift tax and avoid potential valuation-related ...

Tax season will be here before you know it. While April 15 might feel far away, we know firsthand how stressful tax prep can be — and how daunting the task of choosing tax software that meets all of ...

The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...

SHREVEPORT, La. -- The city of Shreveport last year was assessed $1.6 million in penalties and interest by the IRS for failing to file a required Affordable Care Act form in a timely manner, in ...

Your 2025 tax planning checklist: Essential moves for high earners Tax strategy doesn’t just happen in April. While it may feel like you just filed your 2024 taxes a minute ago, the time to set ...

Prior to the law change, an Illinois investment partnership was a partnership under federal income tax law that met the ...

ITAT quashes DCIT's 153C assessments for Piyush Bongirwar, holding that a single diary page pertaining only to AY 2013-14 cannot justify assessment for later years without specific incriminating ...