IRS

Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.

The 2023 season just opened, but you should still plan now for next year.

A chief counsel memo says taxpayers who want to claim tax deductions for donating cryptocurrency need to first receive a "qualified appraisal" if the amount exceeds $5,000.

The Internal Revenue Service pledged to improve taxpayer service this year.

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

The crypto tax environment, new crypto reporting requirements and a recently launched crypto education resource are among the latest developments in digital assets.

The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.

40 critical regulations, court decisions, laws, IRS proposals and other major changes to the tax landscape from the past 12 months.

Unlike stocks, digital currencies aren't hit by the wash-sale rule — a major opportunity to turn lemons into lemonade.

A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.

The agency aims to hire scores of auditors, but there's a nationwide shortage of accountants.

Tax experts are hypothesizing what will happen in Congress during the lame-duck session and over the next two years.

Thanks to new adjustments from the IRS, Americans can put significantly more savings in their 401(k)s next year. But will they?

"ERC mills" are encouraging applications for the tax credit from businesses that may not qualify for the pandemic relief program.

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

A new tax form for 2022 returns that will be filed next year clarifies how investors should report digital assets.

More than 60 tax provisions are going up, according to Rev. Proc. 2022-38.

An IRS proposal has spawned confusion about whether non-spousal heirs to Roth plans need to take RMDs before draining the accounts after 10 years.

Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.

Some favorite techniques used by the wealthy in recent years aren't looking so good amid higher interest rates.