WASHINGTON — The Internal Revenue Service has already begun issuing refunds to more than 50,000 taxpayers who benefited from the adoption tax credit carryforward and expects the refund process for ...

An IRS installment agreement allows taxpayers to pay off a large tax bill in monthly payments over time. While these plans prevent aggressive collection actions, interest and penalties continue to ...

A single unfiled return can flip a borrower with solid credit and cash in the bank from approved to rejected before a loan ...

Taxpayers facing financial hardship may qualify for IRS relief programs like Offer in Compromise. Here's how to apply and see ...

Quick ReadFiling Form 5329 with a two-paragraph letter can eliminate a 25% IRS excise tax on missed RMDs, and Ed Slott says ...

Social Security sends a letter: your Medicare premium is going up, sometimes by hundreds of dollars monthly, because of ...

Section 1031 exchanges have become an important strategy for US real estate investors seeking to defer recognition of gains when moving from one investment property to another. The process, however, ...

Every year, millions of taxpayers file a Form 1040, the most commonly used federal tax document that has long been viewed as a routine calculation of income, deductions and credits. But next year’s ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. This voice experience is generated by AI. Learn more. This voice experience is ...

Revenue from IRS audits plunged 35% in fiscal 2025 as the agency shed thousands of enforcement workers, according to a new report from the Treasury Inspector General for Tax Administration, an agency ...

The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits. By Andrew Duehren Reporting from Washington The amount of money ...