The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Got a tip on a tax dodger? The IRS Whistleblower Office has updated Form 211, allowing tips to be submitted digitally for the ...

Starting in 2026, U.S. taxpayers may face a significant shift in how the IRS and federal regulators track cash movements. The longstanding $10,000 reporting threshold is set to change, aiming to close ...

The IRS knows more about your financial activity than you may realize. These are a few of the ways the IRS tracks your ...

Learn about the gift tax rules, limits, and how to report taxable gifts to the IRS. Understand the lifetime exclusion limit and annual reporting requirements with examples.

The Internal Revenue Service (IRS) has unveiled a new initiative that could potentially earn you an extra income if you report individuals engaging in illegal tax activities. This strategic plan is ...

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...

Tax officials predict federal revenue could fall by 10% this season compared to a year ago amid big staffing cuts and changing behavior among tax payers, sources told The Washington Post. The decline ...