The IRS has published its Internal Revenue Bulletin. The bulletin includes: 1) Announcement 2025-20, announcing the OPR’s recent disciplinary sanctions; 2) Rev. Proc. 2025-24, providing specifications ...

In late 2024, the Internal Revenue Service (IRS) introduced Form 15620 to provide a standardized mechanism for taxpayers to make elections ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on new tax deductions ...

The average fee for preparing Form 1040 with Schedule A to itemize personal deductions, and a state income tax return, was a flat fee of $323. The average fee for Form 1040 with the standard deduction ...

Church leaders could once hide behind the IRS, but now they are headed into a no-win scenario.

A surprise move by the IRS that would allow pastors to back political candidates from the pulpit without losing their organization’s tax-exempt status is drawing praise from conservatives and ...

WASHINGTON (AP) — A surprise move by the IRS that would allow pastors to back political candidates from the pulpit without losing their organization’s tax-exempt status is drawing praise from ...

With effect from 1 March 2025, section 6 quat of the Income Tax Act (the ITA) has been amended for taxpayers to fully use foreign tax credits for the taxes paid on capital gains in the foreign ...

The IRS has sent thousands of crypto warning letters, with a 758% spike in reports over 60 days. Even investors who reported taxes correctly are being flagged due to missing cost basis data. New Form ...