Retirement should be a time to relax and enjoy the fruits of your labor, yet many retirees unknowingly engage in habits that could land them in legal trouble. While most people understand the basics ...

The 2d Circuit sides with IRS on Farhy. IRS wins in Safdieh and can automatically assess $10,000 penalty for failure to file ...

In a letter to the IRS and Treasury, the AICPA said enrolling children by default “would promote equitable access, reduce procedural barriers, and strengthen the intended reach of the program.” ...

Teachers can benefit from the educator expense deduction, allowing up to $250 off taxable income for specific expenses. Learn about the deduction’s benefits and rules.