How could something be income in 2025 if you don’t collect until 2026? The IRS says you have 'constructive receipt' when you ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Proposed regulations would provide permanent relief from certain reporting requirements related to sales or exchanges of ...

U.S. persons abroad and foreign persons living in or with connections to the United States may have responsibilities for ...

The IRS on Tuesday released initial details on Trump accounts, new individual retirement accounts (IRAs) for eligible children created under H.R. 1, P.L. 119-21, commonly known as the One Big ...

If you get paid through a third-party app, you may find an IRS Form 1099-K in your mailbox. Previously, only self-employed workers who netted at least $20,000 through Venmo, PayPal, CashApp, Stripe or ...

The IRS has an interest in U.S. taxpayer transactions overseas. Therefore, it is no surprise that Congress has enacted numerous federal tax reporting laws that require individuals to prepare and file ...

Chief Correspondent and Executive Editor, "Eye on America" Jim Axelrod is the chief correspondent and executive editor for CBS News' "Eye on America" franchise, part of the "CBS Evening News." He also ...

Gifting Bitcoin isn’t taxable right away, but the IRS still has rules. Here’s how to stay compliant and prevent future tax problems. Bitcoin gifts aren’t immediately taxable. The IRS treats ...

WASHINGTON (AP) — The IRS will furlough nearly half of its workforce on Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted to its website. Most IRS ...