Before making a gift to someone, it’s important to understand how it will be taxed and the IRS’s annual and lifetime gift tax ...

The ERISA Industry Committee submitted several recommendations regarding matching contributions for student loan payments, ...

As shown in a recent court order, the IRS continues to take aggressive stances against taxpayers who file late international ...

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

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 ...

His pitch not to tax Social Security benefits takes the form of a bonus $4,000 deduction available to Americans 65 and older, with the benefit shrinking at higher income levels. Americans would ...

That grants more time to file, but it will not extend the time to pay taxes owed, the IRS said. This additional extension request can be made electronically, by mailing Form 4868 to the IRS ...

An effort to sink President Donald Trump’s pick to head the IRS found a Democrat senator closing with an allegation of recorded conversations. Since the president’s return to the White House ...

WASHINGTON (AP) — A former congressman who sponsored legislation to abolish the IRS and is now the nominee to lead that agency faced pointed questions from senators Tuesday about his past ...

Billy Long, President Donald Trump’s nominee to lead the IRS, at his Senate confirmation hearing. U.S. Senate Former Missouri congressman Billy Long, nominated to lead the Internal Revenue ...

Billy Long, President Donald Trump’s nominee for IRS commissioner, minimized his role in selling tax credits that the Treasury Department and IRS claim do not exist and expressed a willingness ...