Andy Warhol's print of mobster John Gotti sold for $16,500 during an auction held during the Belmont stakes festival in ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

F ailing to check the small print could leave workers either overpaying tax, losing holiday pay, or facing huge bills from ...

A partnership can opt out of the centralized partnership audit regime for various reasons, including size of the partnership and how and to whom it distributes Schedule K-1 partnership forms for tax ...

Even small errors in income tax filing can lead to penalties and delays in refunds. Choosing the correct form and having ...

Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

While in Congress, where he served from 2011 to 2023, Long sponsored legislation to get rid of the IRS, the agency he is now tasked with leading.

Internal Revenue Service. "401(K) Limit Increases to $23,500 for 2025, IRA Limit Remains $7,000." Internal Revenue Service. "Form 8606, Nondeductible IRAs." Page 1.

A recent federal district court order illustrates this point well. In Huang v.United States, No. 3:24-cv-062998-RS (N.D. Cal. 5/28/25), a pro se taxpayer challenged the IRS’ assessment of ...