Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application ...

CNBC Select explains how individuals who didn't file a federal tax return in 2021 may still be eligible for the Recovery ...

There isn’t a simple guide to follow because an LLC can take many different forms. Luckily, there are some aspects that every ...

Existing guidance was already in place describing requirements for an alternative method of distributing Form 1095-B. As anticipated, the IRS did not choose to reinvent the wheel. The guidance on ...

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 ...

MENDOTA HEIGHTS, Minn. — Many Americans are wondering how layoffs at the IRS will affect their tax filings and refunds. According to the latest media reports, the layoffs would affect between ...

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 ...

Form 1099-R: Distributions From Pensions, Annuities, Retirement, or Profit-Sharing Plans is an Internal Revenue Service (IRS) tax form used to report distributions from retirement accounts like ...

A variety of 1099 Forms are used to report income to the IRS A Form 1099 is issued to report non-employment income to the Internal Revenue Service (IRS). This type of income can include interest ...

Form 2441 is used for claiming child and dependent care expenses Investopedia / Zoe Hansen IRS Form 2441 calculates the amount of the Child and Dependent Care tax credit an eligible family can ...

Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must ...

Investopedia / Mira Norian Individual taxpayers use Form 1040, a standard Internal Revenue Service (IRS) form, to file their annual income tax returns. Form 1040 is divided into sections that let ...