The IRS recently released a draft version of Form 8825 and its instructions, revealing a few changes to what’s required. One ...

The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts and beneficiaries while cautioning against its pitfalls.

Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Back in 1993, WIRED’s founders published a manifesto offering some guidance. “Our first instruction to our writers: Amaze us … tell us something we've never heard before, in a way we've never seen ...

There are a ridiculous number of free PC games out there, so if you've been looking to save some cash without missing out on some great gaming, we've got options for you. You can have hours of fun ...