If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and ...

For example, most lawsuit settlements are ... Even so, if you have adequate suppor, you can explain the erroneous Form 1099 on your tax return. Some damages are tax-free under Section 104 of ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

The sooner you gather your tax forms and file your tax return, the faster you will receive the tax refund direct deposit from ... Some American taxpayers may currently be living abroad. Take for ...

Tax season is officially underway. The IRS expects over 140 million people to file tax returns before the April 15 deadline.

Form W-2 Live Assisted plan includes unlimited assistance and final review. Live Full Service includes a dedicated expert to complete and file your return. The IRS accepts too many different types ...

Simple Form 1040 returns only (no schedules except ... from Form W-2 and taking the standard deduction, for example — using tax software probably makes sense. If you own a business, itemize ...

And there are some good reasons to file your tax return electronically instead of mailing in a paper form: You’ll get your refund sooner by filing online. A lot sooner. The IRS says that if you file ...