If a U.S. citizen or resident received a gift or bequest from a foreign person after June 17, 2008, they may be required to file Form 708 and pay the Section 2801 transfer tax to the IRS.

Dealing with delinquent tax debt may be one of the most stressful financial challenges a person can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS ...

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ...

Elon Musk, head of the chaos-causing Department of Government Efficiency, made an assertion this week that raised questions in some people’s minds about the status of the IRS Direct File program.

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income ...

Danny Werfel, the commissioner of the Internal Revenue Service, will resign Monday, he told employees, as President-elect Donald Trump eyes a successor to undo much of President Joe Biden’s ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and what to do if you haven't gotten yours yet. Macy Meyer is a North ...

The IRS says this may require more time review your filing and the agency may ask that file an amended return form. If you filed for a refund under the Earned Income Tax Credit (EITC) or ...

WASHINGTON (AP) — Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such as the IRS ...

The new Trump administration and congressional Republicans are collaborating on a new tax bill that they hope to pass into law by the end of April. The most important conditions in the ...

Investopedia / NoNo Flores Form 1099-NEC is the Internal Revenue Service (IRS) form used by businesses to report payments made to independent contractors, freelancers, sole proprietors ...

WASHINGTON—IRS Commissioner Danny Werfel said he would resign with nearly three years left in his term, leaving the government Monday rather than waiting for President-elect Donald Trump to ...