Buying your first home? Working a summer retail ob? Volunteering at the local YMCA? Activities that are common in the summer often qualify for tax credits or deductions. And, while [...]

Many people enjoy various hobbies that are also a source of income. From watercolor painting and pottery to scrapbooking and soapmaking, these activities can be sources for fun and finances. [...]

Tax issues can come up any time of the year for taxpayers. Maybe they have to file an amended tax return, or maybe they got a notice from the IRS. [...]

Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their [...]

The U.S. Department of the Treasury and the Internal Revenue Service recently issued their final regulations  requiring taxpayers to reduce their charitable contribution deductions by the amount of any state [...]

The Internal Revenue Service suggests taxpayers who owe tax and have not filed their 2018 return to act before Friday, June 14, before a larger penalty is applied to what [...]

The Internal Revenue Service recently issued and unveiled a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate (PDF), that will make accurate withholding easier for employees starting next [...]

The Internal Revenue Service urges taxpayers who work more than one job or who may be adding summer employment to complete a Paycheck Checkup. Doing so will help them check [...]

The Internal Revenue Service recently kicked off a new private collection program of certain overdue federal tax debts by choosing four contractors to implement the program. The new program, authorized [...]

From good record keeping to deducting expenses on operating vehicles, the Internal Revenue has tips for small business owners to help make their operations run more efficient. For example, businesses [...]