Allocations under Regs. Sec. 1.1245-1(e)(2)(i) may result in profits-interest partners being allocated ordinary income even ...

Hawley's bill is sheer political genius. It will hit up the U.S. Treasury to send money, mostly to voters in Republican states, where it will compensate them for the economic costs imposed on them by ...

Freebies for Florida officials included $614.88 for hotel rooms, $336.10 for a custom golf bag and $240.75 for rounds of golf ...

Some common retirement choices can increase your tax burden. Learn how to avoid costly mistakes and keep more of the savings you've worked hard to build.

The IRS will let churches endorse candidates from the pulpit, overthrowing six decades of nonprofit regulation. It's a move ...

In some restaurants, tips are already included either on all tables or large parties. The 'no tax on tips' policy will likely ...

A new law includes a provision that could mean bettors pay more during tax season. Major poker players are calling on ...

A St. Louis tax preparer is accused of fraudulently obtaining hundreds thousands of dollars in COVID-19 pandemic relief funds and using the money on personal expenses.

The One Big Beautiful Bill, or OBBB, introduced a new “senior deduction” for taxpayers who are at least 65 years old. The new deduction has repeatedly been referred to as a “bonus ...

More News • This ProPublica headline is chilling: “ The IRS Is Building a Vast System to Share Millions of Taxpayers’ Data With ICE. ” The lede: “ The Internal Revenue Service is building a computer ...

IRS tech tools are smarter than ever - Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant.