Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

While some functions of the agency — including preparing for the upcoming tax season — had continued throughout the shutdown, most were limited after the first week, and restarting them will require ...

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

President Donald J. Trump points to the “Key-to-the-City” given to him by Mayor Suarez as he prepares to leave the stage during American Business Forum at the Kaseya Center in Miami, Florida on ...

On December 19, 2025, the Internal Revenue Service (IRS) announced that it extended the grace period for states and employers ...

The U.S. government is getting back up to speed after the longest government shutdown in history. Airports have resumed their full schedules, which is a relief to anyone who’s planning to fly this ...

As the IRS works through the mounting caseload, Legal Tax Defense emphasizes that early action remains the most effective way to prevent long-term complications. “Even during a government slowdown, ...

Discover how IRS Publication 557 can guide your organization to secure and maintain tax-exempt status, ensuring compliance with essential IRS regulations.

Elon Musk says the Department of Government Efficiency — the DOGE unit created under President Donald Trump — achieved only ...

Trump accounts are a new type of tax-deferred investment vehicle for U.S. children, created under President Trump's "big, beautiful bill" tax and spending bill, which promises $1,000 seed ...

The legislation that could reopen the government could also decimate a major Minnesota industry. Whether it’s a convenience store, picking up groceries, or stopping by a local brewery, chances are you ...

As the federal government slowed to a halt for most Americans during the government shutdown, Donald Trump's new presidential library foundation got special, expedited treatment from the Internal ...