IRS

The IRS, or Internal Revenue Service, is the agency in the federal government responsible for regulating and collecting taxes. Learn more here about your taxes and what the IRS does in these articles, columns, blog posts, videos and radio shows.

Featured IRS Article

$8,000 First Time Home Buyer Tax Credit Will Expire December 1, 2009, Will It Be Extended

Added September 3, 2009 by Ilyce R. Glink

Will the $8,000 first time home buyer tax credit be extended? This and other questions about the first time home buyer tax credit are on the minds of home buyers as they try to figure out the best deal in the housing market. Should a daughter buy a house from her parents or should she use a quit claim deed? There are income restrictions and rules against buying from relatives under the first time home buyer tax credit regulations. How long do first time home buyers have left to find a house before the deadline to take advantage of the first time home buyer tax credit?

IRS Videos

Latest Videos

1031 Exchange - What is It?

September 22, 2008

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(9:56)

Summary:

A 1031 tax exchange is named for part of the IRS tax code. A 1031 exchange allows you to defer paying taxes on investment property including real estate, artwork, helicopters, copyrights, patents and more. You cannot do a 1031 exchange on personal property. This video gives you basic information…

Watch Video: 1031 Exchange - What is It?