Do you own rental property? You may be able to avoid having your rental real estate treated as a passive activity — and the negative tax consequences tha...
Your vacation home may open the door to charitable giving tax breaks. But following the rules can be challenging. A donation of short-term use of the prope...
Trust Fund Recovery Penalty: What Business Owners Need to Know If you’re responsible for collecting, accounting for or remitting federal taxes withheld ...
With an exemption amount of $15 million per individual (generally $30 million for married couples), the federal estate tax doesn’t apply to many people i...
Filed a Tax Extension? Don't Wait Until October to File Did you request an extension to file your 2025 individual federal income tax return? If so, you ha...
The IRS is providing tax-filing relief for certain 2026 World Cup participants. Typically, tax-exempt organizations must file Form 990, Return of Organizat...
IRS Whistleblower Program: How Reporting Tax Fraud Can Lead to Rewards National Whistleblower Appreciation Day is July 30. Since the IRS program’s incep...
Making large gifts to your family can significantly reduce the size of your taxable estate. But hard-to-value gifts, such as interests in a closely held bu...
A new bill in the U.S. House would enable philanthropic organizations and states to make unlimited contributions to Sec. 530A accounts (also known as Trump...
Do you have a health savings account (HSA)? If you’re covered by a high-deductible health plan (HDHP) or Bronze or Catastrophic plan available on state a...
