Here are some prevalent tax scams like phishing, fake charities, and IRS impersonations, and some advice on protective ...

Once filed, Form 7004 is automatically approved unless the IRS contacts the filer to deny the extension. However, businesses ...

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

These 10 taxable items can impact your finances by lifting your tax bill. They include investments, Social Security benefits, and retirement plan distributions.

An IRS Form 1095 will give you proof of health insurance for your taxes. No, you no longer need to prove you have health insurance on your federal tax returns. This change happened in 2019 when ...

The IRS instructions for Form 1040 typically include a table to help you calculate the standard deduction available to you based on when you (and your spouse, if applicable) were born and whether ...

Thousands of workers are set to be out of a job at the IRS with just under two months left in the tax filing season. Thomas is a native of upstate New York and a graduate of the University at Albany.

Yet the private sector leaders advising President Trump on ways to increase government efficiency are deploying this exact approach by targeting the Internal Revenue Service, which collects ...

(NEXSTAR) – With the IRS laying off thousands of employees Thursday, many Americans may be wondering if their tax returns — or their refunds — will be affected. A government official who ...

The Internal Revenue Service began to terminate thousands of employees Thursday, disrupting the agency when tax season is in full swing and tens of millions of people are seeking refunds.

IRS blocks Musk aide from accessing individual taxpayer data Agreement would seem to avert 'worst-case scenario' feared by IRS executives IRS plans to terminate 6,700 employees as part of ...