Equitable recoupment lets the IRS adjust your current tax refund to recover unpaid taxes from a prior...
The IRS and the Treasury Department play crucial but different roles in managing U.S. taxes and government...
The Itemized Deduction Limitation, also known as the Pease Limitation, reduces certain itemized tax deductions...
Golden parachute payments are large severance packages given to top executives during mergers or acquisitions....
The First-Time Homebuyer Credit Recapture requires some taxpayers to repay part or all of their homebuyer...
Alimony recapture is an IRS mechanism that adjusts alimony payments for tax purposes if they significantly...
The Look-Back Period in tax law is the timeframe the IRS uses to review your past tax returns for accuracy...
Federal and state tax laws each govern different parts of your tax responsibilities with unique rules...
A taxable event is any transaction recognized by the IRS that incurs tax liability. Understanding taxable...
A related party transaction involves business dealings between parties with close connections like family...