Question: Are the tax provisions in the so-called “One Big Beautiful Bill Act” (OBBB) retroactive to Jan. 1, 2025, or do they start in 2026? Joy Taylor: The new law permanently extends most of the tax ...

Established in 1862 when an income tax was enacted to pay for the Civil War, the Internal Revenue Service is responsible for enforcing the nation’s tax laws and collecting tax revenue. Knowing how the ...

$31,500 for joint filers (plus $1,600 for each spouse 65 or older) $15,750 for single filers (plus $2,000 if 65 or older) $23,625 for head-of-household filers (plus $2,000 if 65 or older) $15,750 for ...

For many people, filing taxes to the Internal Revenue Service is a befuddling process. There's a lot of jargon. The forms can be confusing to fill out. And there can be financial and legal penalties ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The 2025 tax filing deadlines is quickly approaching for Hoosiers. April 15 is the deadline for Hoosiers to not only file their federal individual tax year 2024 returns, but also to file Indiana tax ...

Whether an LLC is treated as a partnership or a disregarded entity for federal income tax purposes can sometimes have a significant effect on the tax consequences of a transaction. A recent order ...

A new law eliminates federal taxes on up to $25,000 in tips and $12,500 in overtime for certain workers, including hospitality staff. Asheville hospitality workers express concerns about the law's ...

Partisans will disagree over how "beautiful" President Donald Trump’s "Big Beautiful Bill" is. But there’s little question that Trump’s signature tax and spending legislation is "big." Since Trump ...