The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that ...

The IRS has extended federal tax filing and payment deadlines to May 1, 2026, for storm-affected Washington counties. Individuals, businesses, employers and retirees gain critical relief after ...

(NEXSTAR) – In 2025, nearly 300,000 Americans used a new electronic system to file their taxes directly with the IRS for free. In 2026, that’s no longer an option. IRS Direct File launched as a pilot ...

Each year, the IRS nudges dozens of tax numbers so ordinary pay rises aren’t secretly taxed away. For tax year 2026—the returns you’ll file in early 2027—those adjustments reflect recent law changes ...

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

The IRS will open the 2026 tax season in a few days, but you'll need your W-2 to begin the personal income tax-filing process. The IRS received more than 11 million tax returns by the end of January ...

Got a tip on a tax dodger? The IRS Whistleblower Office has updated Form 211, allowing tips to be submitted digitally for the first time—cutting paperwork, reducing errors and speeding up the process.

The Treasury Department has released new details on the Trump Accounts program, a tax-deferred investment option that provides a $1,000 government contribution for eligible children. Treasury ...

Parents cannot depend on an automatic enrollment system to create a new Trump Account for their children. To qualify for the $1,000 pilot program contribution for a Trump Account, a child must be a ...

The One Big Beautiful Bill Act, enacted on July 4, 2025, created “Trump accounts” via a new Internal Revenue Code Section 530A. These new tax-advantaged savings accounts are broadly modeled after ...

Parents cannot depend on an automatic enrollment system to create a new Trump Account for their children. To qualify for the $1,000 pilot program contribution for a Trump Account, a child must be a ...