When filing for an Employer Identification Number (EIN), which is required for purposes of tax administration, the applicant must disclose the name and taxpayer identification number (e.g., Social ...

The Internal Revenue Service, citing security issues, intends to “step up” awareness efforts toward businesses, partnerships, trusts and estates, charities and other entities that hold Employer ...

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 26, 2021 – July 30, 2021. July 27, 2021: The IRS issued a news ...

If you received a penalty for failure to pay your 2020 or 2021 taxes, the IRS may be giving you a break. The IRS recently announced it would provide penalty relief to 4.7 million taxpayers who didn’t ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has ...

Some people look forward to filing their tax returns, while others recoil at the thought of paying what they owe. Regardless of which camp taxpayers are in, come April most people have a question or ...