On November 7, 2024, the Internal Revenue Service (IRS) released Form 15620, Section 83(b) Election, which provides taxpayers a standardized form ...

IRS issued Notice 2024-78 on 10/28/24 providing the extension of temporary relief for FATCA Model 1 Financial Institutions ...

Internal Revenue Code Section 83(b) elections can now be made on a standard IRS Form 15620. Previously, 83(b) elections were made on ...

The IRS announced the 2025 limits for IRAs on Nov. 1, which includes new adjusted gross income and modified AGI for IRA ...

The latest decision in Mukhi v. Commissioner came after a flurry of activity involving the IRS' ability to assess the penalty ...

Proposed regulations on tax-free corporate spinoff transactions will address questions that arose from notices the IRS issued earlier this year.

Nora Carol Photography / Getty Images Every employee, full-time or part-time, must complete a W-4 form to determine tax withholding from their paychecks. If you're switching jobs and haven't ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later This form is used by individuals to calculate the amount of additional tax you have to pay on ...

By signing this form, you grant an authorized representative, such as a tax attorney, CPA, or enrolled agent, the ability to manage certain aspects of your tax affairs with the IRS. Since your tax ...

Clients typically ask for this form to collect essential information needed for filing information returns with the IRS. Businesses must file information returns using Form 1099-MISC when they pay ...

To report a like-kind exchange per Section 1031, taxpayers should use IRS Form 8824. Tax Reporting for Foreign Property Be aware that you may be required to file U.S. tax forms, depending on your ...

The standard deduction was increased when the Tax Cuts and Jobs Act (TCJA) was passed at the end of 2017, making it unnecessary for most people to itemize with a Schedule A form. Here are the ...