In cases of suspected fraud, the IRS-CI encourages reporting through Form 3949-A, Information Referral. The 2024 Tax Filing Season’s deadline is April 15 for most of the nation, with an ...

Form 1040 and no schedules ... Read our full methodology for rating tax software. Education Tanza is a graduate of Elon University with a degree in print and online journalism, with a minor ...

While the current Income Tax Act, in its latest form is 823 pages long, the proposed draft Bill is 622 pages. The press release added the new Bill achieved this simplicity by eliminating intricate ...

The government expects that taxpayers saving money through lesser income tax will plough it back in the economy in form of either consumption, savings or investments. On top of that, on Friday, the ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

Granted, the IRS has noted, that all income, no matter the amount, is taxable unless it’s excluded by law whether a Form 1099-K is sent or not. What taxpayers need to know, though, is that ...

Some wonder whether Elon Musk and other private citizens should have access to confidential taxpayer information.

With the 2025 tax season underway, the IRS' Free File could be just what you need to get your taxes done early and for $0.

An IRS offer in compromise can help you settle tax debt for less than you owe, but it's difficult to qualify for.

Elon Musk’s U.S. DOGE Service is seeking access to a heavily guarded Internal Revenue Service system that includes detailed financial information about every taxpayer, business and nonprofit in ...

If granted, DOGE would have personal financial details on millions of Americans. Elon Musk's Department of Government Efficiency is pushing for access to an Internal Revenue Service system that ...