In late 2024, the Internal Revenue Service (IRS) introduced Form 15620 to provide a standardized mechanism for taxpayers to make elections ...

Requesting a tax extension gives taxpayers more time to file their return, but not to pay what they owe According to the IRS, this extension runs until October 15, but payment must ...

But many filers think an extension also delays their payment due date, and misunderstanding how this or other IRS rules work ...

A surprise IRS move on political endorsements leaves faith leaders and legal experts divided About 8 in 10 U.S. adults believe churches and other houses of worship should not come out in favor of ...

The IRS increased the exemption before the 2025 GOP tax bill was enacted. Find out how the megabill changes the threshold for estate taxes.

The One, Big, Beautiful Bill doubles down on that trajectory with no tax on tips, no tax on overtime, 100% expensing, regulatory rollbacks, border security, and policy certainty.

The IRS has sent thousands of crypto warning letters, with a 758% spike in reports over 60 days. Even investors who reported taxes correctly are being flagged due to missing cost basis data. New Form ...