The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

As investors increasingly leverage Section 1031 exchanges to defer capital gains taxes, nuanced scenarios involving interest income on ...

Credit card rewards may feel like freebies, but some are taxable. This guide breaks down IRS rules to help you understand ...

Tax rules for bond investors vary for government, municipal, or corporate bonds. Munies are completely tax free if you live ...

A notice issued by the IRS with interim guidance for the application of the corporate alternative minimum tax offers an ...

Run out of room in your tax-sheltered investment accounts? Here's how you can position the rest of your portfolio.

New final regulations pose significant implications for possible income inclusions by U.S. corporations with foreign ...

An unauthorized loan was not includible in the taxpayer's income; however, expenses incurred in connection with her ...

Gifts you make throughout your lifetime can be protected from taxation by exclusions of many millions of dollars if you ...

If it's time to take a RMD but you'd prefer to allow your money to grow, why not reinvest the funds? Here's how reinvesting ...

The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.