International students in the US, including F-1 and J-1 visa holders, must file taxes annually, even without income. This ensures visa compliance and aids future applications. Key forms include 8843 ...

On November 21, 2025, the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service (the “Service”) released final regulations ...

(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...

Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.

Tax refunds are likely going to be supersized in 2026 because of the One Big Beautiful Bill Act, which made major reforms to ...

Stephanie Murrin underpaid her taxes from 1993 to 1999 because her tax preparer, Duane Howell, placed false or fraudulent entries on her tax returns with an intent to evade tax. Murrin did not intend ...

The IRS has quietly set the rules that will shape how much of your 2026 income ends up in Washington, and the changes are ...

Employee layoffs at the Internal Revenue Service (IRS) could impact the timely return of tax refunds and other services, experts have said. Newsweek has contacted the IRS for comment via email outside ...

On November 24, 2025, the IRS published final regulations (the “Final Regulations”) providing comprehensive guidance on the application of the excise ...

The American Rescue Plan Act of 2021 will make most student loan forgiveness tax-free until 2025, then borrowers may owe thousands in taxes.

The IRS has issued a private letter ruling on Section 1362(f) of the Internal Revenue Code, concluding that taxpayer will continue to be treated as an S corporation because taxpayer’s ...

I’m hoping that as this issue goes to press on Friday, October 25, we can finally say that summer is over. The snowbirds are back, traffic is getting busy, football is back in full force and we should ...