Recent changes to USPS regulations make clear that mail deposited at a local post office or placed in a collection box may not receive an official postmark until it reaches a regional processing center—often a day or more after the item is dropped off. If you choose, or are required, to file any return(s) on paper and/or remit payment by paper check, you are solely responsible for securing a timely, verifiable postmark to establish compliance with filing and payment deadlines

Trump accounts can be set up for children under age 18 who have a Social Security number. Beginning July 4, 2026, up to $5,000 can be contributed to the account each year. The government will also put in $1,000 for each kid born in 2025-28. Most contributions are not deductible. Payouts cannot be taken while the beneficiary is under 18. After that, distributions are taxed in a manner akin to rules that apply to traditional IRA payouts. Parents must elect to open a Trump accou

IRS and the Justice Dept. are on the prowl for undisclosed foreign accounts, devoting resources to get U.S. owners of the accounts to...

Forced to Withdraw from Retirement Accounts?!

the IRS is granting a delay in claiming 2016 tax refunds until July 15, 2020.

In addition to filing delays and a one-time stimulus payment, the IRS is implementing many changes in response to the coronavirus pandemic.

Five great tax secrets