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

The IRS has announced a key deadline for retirees who turned 73 in 2024, requiring them to begin withdrawals from their ...

If you fail to include important income documentation forms with your tax return, the likelihood of an audit from the IRS ...

Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later TFSA Return for individual who has tax on Excess TFSA amount, on Non-Resident Contributions, ...

Scammers Impersonating IRS With These Texts: Here's What To Know A new scam is making the rounds, with fraudsters posing as Internal Revenue Service (IRS) agents and sending text messages promising a ...

Sin taxes are a form of excise tax, such as the local excise tax of $1.50 New York City charges per pack of 20 cigarettes on top of the state's excise tax of $5.35 per pack of 20 cigarettes.

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 ...

How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems. By Tara Siegel Bernard It’s a tax season unlike any other: As millions of Americans ...

Doug O’Donnell, the acting head of the IRS, is expected to announce his retirement on Tuesday amid turbulence at the tax collection agency, according to a person familiar with his plans.