Income taxes

Amid the end of pandemic credits and investment losses, filing a federal return this year has sobering moments.

This year should be a better experience for taxpayers, with the IRS receiving additional funding, adding 5,000 customer service representatives, and reducing a large backlog of tax returns.

Tax advisors have long said it's inadvisable to die in Massachusetts, but now it may also be worth thinking twice about living there.

The Internal Revenue Service has scheduled the official date for the opening of filing season.

House Speaker Kevin McCarthy agreed as part of a deal with the Freedom Caucus to allow a vote on a bill levying a "Fair Tax."

The service corrected approximately 14 million returns, generating nearly 12 million refunds.

The new year brings a new tax season and the opportunity to advise clients on ways to save money on their taxes.

Highlights from the former president's returns for 2015 to 2020, from write-offs to the SALT deduction and more.

The earliest the information would be released is Dec. 27.

Certain wealthy people have placed big bets on the companies that made them rich for decades without the IRS objecting.

From sea changes with inherited retirement plans to the ETF juggernaut, here's what advisors grappled with for affluent clients.

The Internal Revenue Service is cautioning taxpayers to beware of the newly lowered threshold if they received payments amounting to as little as $600.

Taxpayers can no longer get away with 'substantial compliance' — they need to have their 'contemporaneous written acknowledgements' in order.

Reselling Taylor Swift tickets? You're going to have to pay taxes

Roughly 2.3 million U.S. taxpayers told the Internal Revenue Service they traded cryptocurrencies in 2020, data from the agency show.

Grants to charities from donor-advised funds grew 28% last year, according to a new report, as DAFs also come under scrutiny for helping the wealthy shield their money from taxes.

Taking the prize in annual installments over 29 years, rather than all upfront, dramatically increases the windfall. Lottery victors with seven-figure winnings can also reduce their tax bill.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

There's an easy way to hide from high taxes that doesn't involve packing up a moving van to Florida or Texas.

Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.