LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

On September 16, 2025, the Internal Revenue Service (IRS) released a final regulation providing guidance on how plan sponsors should implement a requirement under the SECURE 2.0 Act for catch-up ...

After decades of limiting private letter ruling issues, the IRS has steadily widened its program, providing taxpayers greater certainty.

Since the enactment of H.R. 1, the One Big Beautiful Bill Act, the Internal Revenue Service has announced that it will not be updating 2025 tax forms such as the W-2 and 1099s to reflect OBBBA changes ...

The IRS has released new federal income tax brackets for 2026, the agency announced in a news release published on Thursday, Oct. 9. The updates are due to changes in inflation and a new tax law that ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

The IRS walked back previous guidance indicating furloughed employees would receive back pay during the government shutdown Thursday, writing that an agency under the president would provide further ...

The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions, along with changes made under the One Big Beautiful Bill Act (OBBBA). The IRS' ...

The month of October 2025 is witnessing important Internal Revenue Service (IRS) deadlines for a large number of taxpayers across the United States. People would face major financial consequences if ...

Millions of taxpayers have been reminded to file their 2024 tax returns by the end of Wednesday. The Internal Revenue Service (IRS) said the October 15 deadline applies to taxpayers who were granted ...