Many taxpayers appreciate technological convenience, and Optima Tax Relief delivers through its innovative mobile application ...

The penalty cannot exceed 25 percent of your unpaid taxes. "Interest and a late payment penalty will apply to any payments made after April 15," the IRS advises.

Another piece of misleading tax “advice” spreading on social media relates to the Employee Retention Credit, in which some social media users falsely claim many taxpayers can qualify for up to ...

With the 2025 tax season soon underway, Americans will need to file federal income taxes for 2024 with the IRS. Tax day falls on April 15, 2025, meaning there is still plenty of time to get your ...

The community’s election to be treated as a homeowner’s association for tax purposes, and thus to exclude exempt function income from gross income, is made each year by filing a properly ...

IRS Issues Tax Credit Advice for 2025 Published Nov 26, 2024 at 10:39 AM EST Updated Nov 26, 2024 at 12:13 PM EST By Chloe Mayer ...

There is pervasive myth in the financial planning community that advisors can't legally give tax advice. According to Ben Henry-Moreland, a certified financial planner and senior financial ...

If you've received a large tax refund, you might consider putting it toward your mortgage as a lump-sum payment. If your payment is large enough – typically $5,000 or more – you may qualify ...

Residents of states that do not have withholding agreements must handle state tax payments themselves. If your state doesn't have an agreement with OPM, making quarterly estimated tax payments is ...