IRS

Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.

Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.

The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.

Businesses interested in taking advantage of the voluntary disclosure program have until March 22, 2024, to apply.

The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility.

The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.

The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.

U.S. officials will take money away from FTX victims unless a judge rejects the government’s demand for $24 billion in unpaid taxes.