Clear Start Tax Outlines the Key Documents Required for IRS Fresh Start Eligibility and Why Incomplete Files Often Lead to Rejection ...

The IRS has issued a private letter ruling on section 1362(f) stating that the termination of taxpayer’s S corporation election was inadvertent. Taxpayer is granted permission to make an election ...

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A tax levy is a seizure of property by the Internal Revenue Service to satisfy an unpaid tax debt. The IRS can legally seize your single-member limited liability company property to satisfy taxes ...

It’s a difficult message that no one wants to hear. Beyond that, the IRS has been chronically underfunded. Our political leaders have consistently underfunded the government arm that makes ...

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax ...

Tips must be reported to the employer and included on the worker's W-2 tax form. The provision would go into effect in 2025, but expire after 2028, making it a short-term tax break. The deduction ...

Billy Long (R-Mo.) was nominated by President Trump to lead the IRS. Even more concerningly, Long’s outstanding debts were just loans he had made to his own failed 2022 Senate campaign.

In one of the first immigration raids involving the IRS, federal agents arrested 17 people at a Kent beverage manufacturing company Tuesday. The IRS’ Criminal Investigation division helped ...

This is the same form that you get from your employer and which contains a complete account of your annual income and the tax deducted on it. So, before knowing when this new Form 16 will be ...

Photo Illustration: Noah Higgins-Dunn WASHINGTON—The Republican-led House passed President Trump’s sprawling tax-and-spending bill early Thursday, after party leaders made a series of last ...

The Senate Finance Committee held a hearing today on President Trump's nominee to lead the IRS. It comes as the agency has laid off thousands of workers, including nearly a third of its auditors.