A letter sent to Internal Revenue Service (IRS) employees said those involved in the 2025 tax season won’t be able to accept ...

This page contains information about the Internal Revenue Service Direct File Program. This information was last updated January 24, 2025. For the most up-to-date information, to learn more about ...

If the thought of an audit has ever given you chills, knowing the facts about them might help take the edge off. Thomas is a native of upstate New York and a graduate of the University at Albany.

The 2025 tax filing season will begin Monday, Jan. 27, the Internal Revenue Service announced earlier this month. The agency said in a statement it expects more than 140 million individual tax ...

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 ...

You will then need to submit the required forms and disclosures to the IRS. This typically includes filling out Form 14457, which serves as the official Voluntary Disclosure form. Your tax ...

This calculation is done on IRS Form 8606. Failure to file Form 8606 could result in paying taxes on nontaxable amounts and may also subject you to an IRS penalty of $50. All your traditional IRAs ...

President-elect Donald Trump on Tuesday announced the formation of a counterpart organization to the IRS that would focus on taxing foreign entities making money of the United States. Trump defied ...

"For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS)," Trump wrote in a Truth Social post. "Through soft and pathetically weak Trade agreements ...

Dealing with delinquent tax debt may be one of the most stressful financial challenges a person can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS ...