This article walks through the rules of the capital gains tax and then discusses ways to avoid paying it.

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Section 224 was pitched as relief for tipped workers. But evolving IRS guidance and technical limitations have made the deduction far more complicated for the self-employed. The One Big Beautiful Bill ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

Wondering if you qualify for IRS tax forgiveness? Learn OIC, penalty relief and hardship rules, plus what the IRS looks for.

If your business is a partnership or LLC, you'll need this step-by-step guide to IRS Form 1065. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Michael C. Gray has been working with stock option taxation since the start of the Silicon Valley tech boom. I spoke with him ...

Tens of millions of taxpayers found themselves filing a brand new form called Schedule 1-A so far this tax season to claim some generous new tax breaks on their 2025 federal income tax returns. If you ...

The IRS is seeing an uptick in overstated or fabricated claims tied to undistributed long-term capital gains claims via Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains. The ...

Americans are probably happy to put memories of the COVID-19 pandemic behind them, but it may be worthwhile to stir up the past to see if they may qualify for an IRS refund, tax attorneys said. Once a ...

The proposed regulations explain how to open the accounts, who can request the federal $1,000 pilot contribution, and how the money will end up in your account. The IRS and Treasury have issued ...

Form 8606 is a tax form used by individuals in the United States to report certain nondeductible contributions and distributions made to and from individual retirement arrangements (IRAs). This form ...