Taxation · 07/25/2025

The IRS Multimedia Center offers a wealth of tax information resources for media professionals, including video tips and printed announcements. By subscribing through social media and email, you can quickly access the latest tax updates, enhancing the quality of your reporting.

Taxation · 07/23/2025

The IRS provides tax relief information for residents in disaster-stricken states to support economic recovery after natural disasters. The IRS implements deadlines extensions and tax reductions policies covering affected states and territories, helping residents quickly return to their daily lives.

Taxation · 07/23/2025

This article explores the definition, classification, and tax handling of bad debts, focusing on the distinction between commercial and non-commercial bad debts. It highlights important considerations for tax reporting to assist readers in effectively managing issues related to uncollectible debts.

Taxation · 07/23/2025

The article discusses how to apply for a tax report extension, covering three methods: online payment, free tax filing services, and mail applications. It emphasizes the importance of timely payments and highlights the benefits of extending the application to reduce stress.

Taxation · 07/23/2025

This article outlines the process and requirements for receiving rewards by reporting tax non-compliance behaviors to the IRS. It emphasizes the key information needed for submission and the application steps, encouraging the public to actively participate in exposing tax fraud.

Taxation · 05/29/2025

After shutting down a business, tax obligations do not disappear, and it is essential to submit the necessary tax returns promptly. If you encounter payment difficulties, contact the IRS promptly to discuss solutions and avoid future financial troubles and legal issues.

Taxation · 08/01/2025

Form 1099-B is a vital tax report required by the IRS for brokers or exchanges to provide to investors. It documents asset transactions, cash flows, and changes in company stocks, assisting investors in compliant tax filing and optimizing financial management.

Taxation · 07/18/2025

This article provides a detailed analysis of the characteristics and differences between the Individual Retirement Account (IRA) and Roth IRA in the United States. The IRA originated in 1974 and offers tax benefits for individuals saving for retirement, allowing participants to join voluntarily. Compared to a 401k, IRA offers more flexibility in investment choices but has contribution limits and tax obligations upon withdrawal. The article also discusses the tax deduction limitations of

Taxation · 10/24/2024

As of October 18, 2024, there has been a slight overall increase in personal income tax filings, with the total number of submissions up by 0.9% compared to last year. E-filing has also seen a 1.0% rise. Although the number of refunds issued has slightly decreased, the average refund amount has increased, reflecting improved financial conditions and indicating that taxpayers have become more adept at navigating the tax filing process.

Taxation · 07/23/2025

This article provides a detailed overview of tax filing deadlines in the United States, the process of applying for an extension, and related regulations, particularly for specific groups such as military personnel. It aims to help taxpayers understand how to file their taxes on time to avoid penalties.

Taxation · 03/10/2025

The IRS reminds taxpayers to take advantage of various free tax filing options. The newly launched 'Direct Filing' service is now available in 25 states, allowing users to easily file both federal and state taxes, with conveniences such as data import and online support.

Taxation · 07/23/2025

This article systematically reviews the U.S. federal tax law and official guidance, focusing on the structure of the Internal Revenue Code, Treasury regulations, and various tax guidance issued by the IRS. It aims to assist taxpayers in understanding and adhering to relevant laws while avoiding misinterpretations and risks.

Taxation · 07/23/2025

This article offers a series of practical tips to help readers tackle tax-related identity theft issues. It emphasizes how to stop interacting with identity thieves, update account security, report theft, and apply for an identity protection PIN, all aimed at maintaining tax security and protecting personal information.

Taxation · 08/26/2025

This article, curated by Sophia Yao, provides an in-depth analysis of the New York real estate market. It covers the advantages of buying property on Long Island's North Shore, strategies for selecting school district housing, key clauses in purchase contracts, updates on rental policies, recommendations for the best family-friendly locations, utilization of property tax benefits, and practical tips for quickly determining a home's orientation. This guide aims to help you avoid pitfalls and achieve your dream of settling down in New York.

Taxation · 07/25/2025

This article provides an overview of the latest tax relief policies offered by the IRS for affected taxpayers, aiding in their post-disaster recovery efforts. It includes definitions of affected taxpayers, state-specific relief measures, and chronological policy guidance to support your rebuilding process comprehensively.