LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

More than 47,000 matches came from that request, per emails released as part of a lawsuit that seeks to stop the IRS-ICE data ...

New court filings reveal previously undisclosed details of officials' discussions over a controversial information-sharing agreement.

Isaac Stein is one of them. Normally, he's a lawyer for the IRS who writes tax regulations. But on a sunny Sunday afternoon ...

Grassley is investigating the Gates Foundation, Rockefeller Brothers Fund, and Ford Foundation, citing reports from the Washington Examiner.

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

Voting rights advocates are raising fears that the Trump administration may attempt to “hijack” the 2026 election after a new ...

Claiming family tax credits is a must if you're eligible. Not only can family tax breaks lower your tax liability, but they may even increase your refund. However, which credits you qualify for can ...

Its global database exceeds 500 million business records ... Register your business as an LLC or corporation and obtain an Employer Identification Number from the IRS to create a legal entity separate ...

Millions of taxpayers have been reminded to file their 2024 tax returns by the end of Wednesday. The Internal Revenue Service (IRS) said the October 15 deadline applies to taxpayers who were granted ...