South Main Street in Sheffield, Illinois. The town is part of a 136-square-mile opportunity zone. The Treasury Department and the Internal Revenue Service issued guidance Tuesday on qualified ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

‘s restricted free agency continues to hang over the Chicago Bulls. The playmaking guard has spent all summer holding out for a deal in the region of $30 million per year. According to ClutchPoint’s ...

The IRS was within its means to reject an offer in compromise from a taxpayers it suspected were merely engaging in delaying tactics, the US Tax Court said. The government didn’t abuse its discretion ...

Filing taxes is already stressful enough, and it is even more so if you find you owe the IRS money. As the number of people who owe a tax bill at the end of the year increases and household budgets ...

Few people get excited about filing their income tax return with the Internal Revenue Service each year, but on-time filing is necessary to avoid penalties, interest, liens and levies. The IRS could ...

Whether you underwithheld taxes on your paycheck or didn't make your estimated tax payments, you might have a surprise bill from the IRS. So when you see how much you owe, you might realize you can't ...