The traditional penalty for not filing taxes by the deadline is 5 percent of the tax due for each month the return is late.
Claiming unusually high deductions can trigger an IRS audit, according to Geltrude.
What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.
With the March 17, 2025 deadline approaching for S-Corporations and Partnerships to file their business tax returns, ...
CMU offers the free tax assistance through the Internal Revenue Service’s Volunteer Income Tax Assistance (VITA) program, ...
If you wind up with an outstanding balance, you can either pay the IRS a lump sum or agree to a payment plan that allows you ...
How all this will affect the processing of tax returns is a matter of speculation, but it seems very unlikely to make the ...
A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.
Tax processing by the California Franchise Tax Board has not been affected so far by the federal government hiring freeze or ...
Our Editors’ Choice winners for tax software help you get through the filing season as painlessly as possible. Here's how ...
When someone mentions the tax deadline, most of us think of a day in April when taxes are due. While that’s the main deadline, there are other important tax season ...
At the same time, the Internal Revenue Service is planning to close over 100 in-person Taxpayer Assistance Centers.
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