The Treasury Department and the Internal Revenue Service recently issued final and proposed regulations concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner, and the treatment of income of a controlled [...]

Personal-finance website WalletHub released its latest Credit Card Debt Study, which found that consumers paid off $38 billion of their roughly $1 trillion in credit card debt during the first quarter of 2019. Given that this year’s first-quarter paydown was smaller than last year’s, WalletHub now projects a $70 billion [...]

The Internal Revenue Service reminds taxpayers who pay estimated taxes Monday, June 17, is the deadline for the second estimated tax payment for 2019. Examples of those who may need to pay quarterly estimated taxes include self-employed individuals, retirees, investors, and some individuals involved in the sharing economy, among others. [...]

Couples who are getting married this year already know there are plenty of big and small details when planning a wedding. Along with the dress, cake, guest list and gift registry, their first tax return as a married couple should also be on their checklist. The IRS has tips and [...]

With summer around the corner, many students will turn their attention to making money by working a summer job. Whether it’s flipping burgers, waitressing, or filing documents, the IRS wants student workers to know some facts about their summer jobs and taxes. Not all the money they earn will make [...]

For those interested in stats and numbers the Internal Revenue Service has released its 2018 IRS Data Book which looks at agency's activities for the fiscal year. The 2018 IRS Data Book shows activities conducted by the IRS from Oct. 1, 2017, to Sept. 30, 2018, and includes information about [...]