Nonresident filers can now file their 2016 Form 1040NR electronically.
Individual Income Taxation
This column examines two U.S. Tax Court cases addressing profit motive.
The IRS announced that has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid.
This article discusses why deployed troops who are in harm’s way are getting less benefit from the EITC, how it affects their households, and a simple solution to the problem.
The draft proposals to repeal the Affordable Care Act released by House Republicans evening would make many tax changes if enacted. Here’s a look at their impact on the tax code.
Health care exchanges failed to properly verify the identity and eligibility of all individuals who received the advance premium tax credit, the Treasury Inspector General for Tax Administration reported.
A number of recent significant developments affect taxation of individuals.
This article lays out the steps for determining whether a taxpayer qualifies as a real estate professional.
Veterans with combat-related injuries will get relief from improperly withheld taxes under legislation.
Court rejected doctor's deduction of passive activity losses carried forward from the years when he treated the interest as a nonpassive activity.
Income earned by financial adviser was his, not the income of his wholly owned S corporation, and was therefore subject to self-employment tax.
This item discusses the tax implications of the Internal Revenue Code's recognition of the married status of same-sex couples.
Despite budget cuts, the IRS is still committed to examining individuals, particularly those of high net worth.
The IRS issued guidance on how it will treat individual income tax returns that do not indicate whether the taxpayers had health insurance coverage.
Tax-loss harvesting offers the potential for significantly increased after-tax returns.
This item explores the underlying federal income tax issues that accompany disregarded entities acting as borrowers in lending transactions.
Changes provided in the PATH Act allow a much larger pool of potential credits than had been previously available.
The new exam will increase emphasis on the higher levels of Bloom’s Taxonomy, such as analysis and application, and reduce emphasis on remembering and understanding.
The IRS finalized a proposed rule eliminating the three-year testing period for determining when debt was discharged for cancellation of debt information reporting purposes.
The IRS has launched an online tool that allows individuals to check their tax account balances online.