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

The next ANCHOR benefit has to be funded in the state budget this summer. The last benefit, paid out for the 2021 tax year, ...

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

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

Sports betting winnings over $600 may be taxable. Learn how W-2G forms work, what happens if you don’t report, and how to ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

A tax refund is a reimbursement from the government when you've paid too much in taxes during the year. Here are some options for what to do with that money.

With just two days left until the critical January 31, 2025, deadline, businesses must act quickly to file Forms 1099 and W-2 with the IRS, SSA, and state agencies. Equally important, this date marks ...

Frustrated islanders were struggling with 40-minute queues at Edward T Wheadon House yesterday as Friday’s deadline for 2023 ...