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

Form 7217, Partner’s Report of Property Distributed by a Partnership, debuted for 2024, intended to apprise the IRS of factors in a partner’s basis computation.

More than 30 million taxpayers across the country are eligible to file their federal tax returns completely free-of-charge ...

Form 1310, officially known as the “Statement of Person Claiming Refund Due a Deceased Taxpayer,” is a document that allows ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

What Is Form 5329: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts? Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers ...

The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest ...

Further details on child tax credits can be found in the Instructions for Schedule 8812 (Form 1040). For 2024, both the Adoption Credit and the exclusion for employer-provided adoption benefits ...

you can ask your employer to withhold more tax from your earnings. You'd file a new Form W-4 with your employer. You can use a special line on Form W-4 to enter the additional amount you want your ...

The agency has begun laying off more than 6,000 new employees, sources say. The Internal Revenue Service on Thursday began laying off more than 6,000 new and newly promoted employees across the ...

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.

How to talk to a real person at the IRS How to make an appointment at an IRS office What to do before you meet with the IRS The recent layoffs of federal workers and office closures may mean ...