On January 10, 2025, the US Department of the Treasury and IRS released final and proposed regulations that provide tax guidance for the ...

The bill would completely overhaul the U.S. taxation system and essentially disband the Internal Revenue Service.

The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) finalized regulations on the clean ...

On January 16, the Internal Revenue Service (IRS) published proposed regulations ( 90 FR 4691) under Section 162(m) of the ...

As he prepares to turn 70 later this year, Microsoft founder Bill Gates’ new memoir explores how his childhood quirks, ...

Under Section 6417 of the Code, as enacted by the Inflation Reduction Act (IRA), certain taxpayers that fall within the statutory definition ...

Taxpayer’s First Controlled Contribution and Distribution will qualify as a reorganization under sections 368(a)(1)(D) and 355 of the Internal Revenue Code. 1) No gain or loss will be recognized by ...

As the 2025 tax season nears, the IRS urges taxpayers to enhance their defenses against identity theft by enrolling in the ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

Asharq Al Awsat As he prepares to turn 70 later this year, Microsoft founder Bill Gates' new memoir explores how his childhood quirks, upbringing, friendships and experiences coalesced into shaping ...

“For far too long, we have relied on taxing our great people using the Internal Revenue Service (IRS ... to abolish the IRS and rewrite the tax code as we know it. Here’s what we know ...

The Internal Revenue Service is reminding tax filers about a key credit worth up to $7,830. The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully ...