On Thursday, the IRS released its Criminal Investigation division’s FY 2025 Annual Report, identifying more than $10.59 ...
Puerto Rico tax incentives that have lured thousands of rich Americans to the U.S. territory for over a decade are under ...
Self Employed on MSN
IRS plans changes to partnership reporting
At issue are partnership interests linked to so-called “hot assets” under section 751 of the Internal Revenue Code. When ...
Tax officials predict federal revenue could fall by 10% this season compared to a year ago amid big staffing cuts and changing behavior among tax payers, sources told The Washington Post. The decline ...
The Internal Revenue Service (IRS) has unveiled a new initiative that could potentially earn you an extra income if you report individuals engaging in illegal tax activities. This strategic plan is ...
What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...
The $600 reporting threshold has become a flashpoint for anyone who earns money through side gigs, payment apps, or freelance work. I want to unpack how that old limit is being reshaped, what the new ...
MiBolsilloColombia on MSN
Avoid these 4 errors that could trigger an IRS audit
Most taxpayers won’t be audited, but common mistakes—like reporting errors or inconsistencies—can raise red flags. Knowing the IRS’s top audit triggers can help you reduce your risk.
If you're a new real estate investor, you might ask yourself, "Will the IRS know about my rental income?" The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...
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