A government shutdown doesn’t change tax laws themselves but can delay IRS operations, tax processing,...
U.S. citizens and green-card holders living or investing abroad face unique tax obligations — filing...
Loan forgiveness can relieve debt but may create taxable income in many cases. Knowing exceptions (insolvency,...
Loan forgiveness often creates a tax event: the IRS usually treats cancelled debt as income, but several...
The Alternative Minimum Tax (AMT) is a parallel tax calculation that can raise your federal tax bill...
Cancelled debt can create taxable income. Form 1099-C notifies you and the IRS when a creditor cancels...
Cross-border tax issues determine how U.S. citizens and resident aliens report worldwide income, claim...
Legislative changes are tax-law amendments made by Congress; administrative changes are IRS or Treasury...
Recent IRS guidance updates how the IRS interprets existing tax laws and can change what deductions,...
Tax treaties allocate taxing rights between the U.S. and other countries to reduce double taxation and...