The Internal Service Revenue (IRS) proposed regulations on retirement plan distributions (retirement plans, IRAs and commercial annuities), requiring tax withholding if the recipient does not satisfy U.S. address requirements. These proposed regulati...

On July 1, President Trump signed into law a sweeping, bipartisan Internal Revenue Service (IRS) reform bill called the Taxpayer First Act (P.L. 116-25). This legislation aims to broadly redesign the IRS for the first time in over 20 years. Reworked ...

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning at Gambling Whether you win at the casino, a bingo hall, or elsewhere, ...

Accepting a new position in the United States often brings several new opportunities, but there are also several factors expats should proactively evaluate, such as their U.S. tax obligations. Amidst the excitement of relocating to a new city or town...

If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Because donations to charity of c...

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade In...

There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation dedu...

During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If ...