irs

In a major victory for the Obama administration, the Supreme Court handed down a ruling in the King v. Burwell case upholding the tax subsidies in the Affordable Care Act, also known as Obamacare.

December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year. Here are some “Season of Giving” tips from the IRS covering everything from charity donations to refund planning: Contribute to Qualified Charities...

When Stephen McDow discovered there was an extra $110,000 from the IRS in his checking account, it was probably one of the best days of his life. Unfortunately, the money wasn’t for him.

With just over two weeks before the April 18th tax filing deadline, Internal Revenue Service Commissioner Doug Shulman said yesterday (March 31st) that they expect to give $250 billion to $300 billion in tax refunds this year, with an average refund of some $3,000.