IRS & Taxes

Highlights Supreme Court struck down IEEPA tariffs; Section 301 and 232 remain active and expanding. Section 122 faces legal challenges...

Key Takeaways  Self-employed individuals are responsible for paying both federal income tax and self-employment tax, as well as making quarterly estimated tax...

In The Summer Tab series, we explore why summer is one of the spendiest times of the year — and...

If you earn extra income through a side hustle, such as Uber driving, freelancing, or consulting, the IRS is watching...

Retail sales taxes are a major revenue source for most states, accounting for 32 percent of state taxA tax is a...

In response to the Strait of Hormuz crisis, Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO) have...

In a recent piece for The Wall Street Journal, former White House Council of Economic Advisers chair Stephen Miran makes...

Over the July 4th weekend, the Honorable William Reynolds Archer Jr. passed away at the age of 98. Mr. Archer served in the...

Fireworks. Barbecue. Cold Beer. These are hallmarks of American Fourth of July celebrations. As Chicago and the rest of the...

Key Takeaways  The IRS generally has three years to audit a tax return, but the statute of limitations can extend to six...