The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

When deciding whether to lease or buy a car, you should look beyond monthly payments and interest rates to make a decision.

The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.

The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

The IRS has announced new interest rates for the upcoming quarter starting April 1, 2025. These rates, determined quarterly, ...

The IRS has approved some unusual deductions ... your part at all if it relates to a reduction in the overall income tax rates or an increase in the value of the exemptions you claim.” ...

including the high hourly rates many CPAs charge. And, while all CPAs understand tax law, not all specialize in tax resolution specifically, so their expertise with complex IRS collection issues ...

views on IRS collections and the debt ceiling ... It would likely contribute to a longer-term trend at the agency of ...

views on IRS collections and the debt ceiling ... to a longer-term trend at the agency of diminished audit rates, minimal tax enforcement for the most sophisticated taxpayers and the use of ...

IRS is cutting thousands of jobs ... During the same interview, though, Lutnick also said Trump plans to cut tax rates, which isn't the same as abolishing income taxes entirely.