The Latest Breaking News from IRS

A landmark tax case before the U.S. Supreme Court about unrealized gains underscores business owners’ need for tax mitigation planning.

New rules governing certain 401(k) catch-up contributions caused confusion and raised concern.

Sanjay Kumar Mishra was first appointed interim Director of the ED for three months in October 2018 before he was made the full-time chief in November 2018 for a two-year fixed tenure. In November 2020, when his tenure was coming to an end, the Union government quietly extended it with…

The IRS’ interpretation of the 10-year clean-out rule on inherited IRAs can be complicated.

Michigan attorney alleges organization, named an extremist group by Southern Poverty Law Center, in violation of non-profit status

Investigators recently approached or interviewed current and former village officials, asking how Alsip chose SafeSpeed as its red-light-camera contractor.

Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work?

US President Joe Biden’s son faces a criminal case and investigations in Congress. Here’s what you need to know.

The unraveling of Hunter Biden’s plea agreement has thrust his criminal case into uncertain waters and given new fodder to Republican critics in Congress as they push ahead with investigations into the president’s youngest son