The IRS quietly released an Action on Decision on Jan. 2, 2025, which provides significant concessions to taxpayers involved ...

January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are three ...

David Oeth, the area coordinator for the Volunteer Income Tax Assistance program (VITA) explained there are some notable ...

Budget 2025 could simplify tax compliance for NRIs by addressing procedural challenges, such as setting thresholds for Tax ...

The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...

If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

President Joe Biden recently made several false and inaccurate claims to defend his controversial decision to pardon his son, ...

The deadline to sign up for the exemption is Feb. 15, however, Morgan said they do sometimes consider partial exemptions for ...

An EIN is a tax ID number for businesses, churches, and some other organizations. An EIN is a form of tax ID number, but not ...

Missouri residents may soon pay a flat 4% state income tax, under a plan advanced by Republican lawmakers who want to ...

If you think tax returns are just for the self-employed, think again. Anyone with untaxed income from 2023-24 may need to ...