Under the One Big Beautiful Bill Act (OBBBA), for tax years 2025-2028, eligible individuals can claim deductions for qualified tips. The IRS recently issued final regulations that clarify what ...

When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

If you own a cryptocurrency like Bitcoin, and you’re ready to sell it, you need to know how that might affect your yearly ...

The marketing around social casinos has done its job. Many of the players using these platforms have come to assume that the ...

Lawsuits over fertility treatments and over destruction of eggs and embryos have exploded, yet the tax treatment of ...

1098-T: Form 1098-T can help you calculate and claim educational tax credits and deductions. It reports payments received for ...

The IRS has been explicit about its enforcement priorities through public communications and practitioner guidance: large ...

The IRS sees money that you earn from a hobby differently from money you earn from a business.

Key reporting forms: Form 1099-R reports most 401(k) distributions, while Form 5498 confirms IRA rollovers; W-2s show contributions. Penalties and exceptions: Withdrawals before age 59½ may face a 10% ...

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...

High-income individuals who earn more than $1 million a year are the most likely to get audited by the IRS. The IRS also pays ...

The Barings Global Short Duration High Yield Fund (the "Fund") (NYSE: BGH) announced its monthly dividend for May 2026 of $0.1223 per share, payable on June 1, 2026. Based on the Fund’s April 30, 2026 ...