Taxpayers who incurred underpayment interest or penalties between 2020 and 2023 may have grounds to seek refunds or abatement ...

A recent federal court ruling (Kwong) may let some taxpayers seek refunds of IRS penalties and missed refund interest, mainly ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Incorrect IRS Forms 1099 are a worry, since Forms 1099 generally ...

Form 4547, which allows taxpayers to elect the new Trump accounts, was clearly numbered with purpose. But when it comes to 1040s, W-2s, 1099s, and other familiar forms, the explanation is far less ...

According to the IRS, this is a required tax form that employers must file with the Social Security Administration (SSA) and provide a copy to each employee. It reports: The employee’s total wages, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Owners of rental properties, take note: your reporting ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

Normally, the statute of limitations to claim a refund is three years from when you filed the return or two years from when ...

Pine Island stands at a defining crossroads — one that will shape our city’s finances, our values, and our future. We are being asked to approve an approximate $36 million tax abatement for a ...

The Winterton Park redevelopment in Nora is moving forward with a tax abatement worth $7 million in hand. In lieu of affordable units, developers will pay $1.3 million to a low-income housing fund.

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

While tax season is generally stressful, the worst-case scenario is finding out you’ve been fined by the Internal Revenue Service. In Washington state, the deadline to file both state and federal ...