If a U.S. citizen or resident received a gift or bequest from a foreign person after June 17, 2008, they may be required to file Form 708 and pay the Section 2801 transfer tax to the IRS.

Dealing with delinquent tax debt may be one of the most stressful financial challenges a person can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS ...

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ...

If you are eligible, fill out Form 433-A and wait for the IRS to accept your offer. If you don't qualify or your offer is rejected, you can apply to pay off your outstanding tax debt using a ...

Elon Musk, head of the chaos-causing Department of Government Efficiency, made an assertion this week that raised questions in some people’s minds about the status of the IRS Direct File program.

Danny Werfel, the commissioner of the Internal Revenue Service, will resign Monday, he told employees, as President-elect Donald Trump eyes a successor to undo much of President Joe Biden’s ...

You can get in touch with Suzanne by emailing s.blake@newsweek.com. Languages: English The Internal Revenue Service (IRS) is sending out another round of stimulus checks to roughly 1 million ...

WASHINGTON (AP) — Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such as the IRS ...

The new Trump administration and congressional Republicans are collaborating on a new tax bill that they hope to pass into law by the end of April. The most important conditions in the ...

Investopedia / NoNo Flores Form 1099-NEC is the Internal Revenue Service (IRS) form used by businesses to report payments made to independent contractors, freelancers, sole proprietors ...