Over 150 million households that rely on the IRS benefits are left tackling an air of confusion. The possibility of the ...

The IRS has revealed whether new stimulus or relief payments have been approved, after months of online discussion about ...

Tax season begins this month. And this week, the IRS posted a reminder for those who want to get ready for tax season now. "As the IRS continues its digital transformation, it’s making filing easier ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

For U.S. taxpayers who requested an extension to file their federal taxes, staying alert to deadlines is crucial to avoid penalties and potential liens. Every year, individuals can request extra time ...

The Internal Revenue Service will issue automatic stimulus payments to eligible Californians and others who did not claim the Recovery Rebate Credit on their 2021 tax returns. The money, for one ...

The fourth-quarter estimated tax deadline for 2024 is Jan. 15, and you could trigger "unexpected penalties and fees" by skipping a payment, according to the IRS. You typically owe estimated taxes with ...

The IRS recently released an updated Form 4255, Certain Credit Recapture, Excessive Payments, and Penalties, which is used to report the amount due for certain credit recaptures, excessive payments, ...

With about an hour left to the IRS tax filing deadline, several social media users reported seeing a ‘payment plan submission error’ on Tuesday. The glitch could be caused by an outage on the IRS ...

The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the Service ...

On November 26, 2024, the IRS issued Notice 2024-85, providing a revised timeline for the transition to the $600 threshold in section 6050W(e), as amended by the American Rescue Plan Act of 2021, for ...