By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

The IRS has published a private letter ruling on I.R.C. §4942 regarding a taxpayer’s request for a set-aside for the purpose of building a facility to support local arts and ...

If you’ve ever looked at your W-2 form, you might have noticed Box 12 filled with a bunch of letters and numbers. It can be ...

The Trump administration plans to eliminate the IRS' Direct File program, an electronic system for filing tax returns ...

Investopedia / Theresa Chiechi Tax-exempt refers to income or transactions that are free from tax at the federal ... Taxpayers receive IRS Form 1099-INT for any investment interest they earn ...

You can file for free with these IRS-trusted tax service partners. These online tax services do have certain requirements in order to qualify for the free tax preparation, such as income ...

WEST PALM BEACH, Fla. (AP) — The IRS plans to cut as many as 20,000 staffers — up to 25% of the workforce — as part of layoffs that began Friday, two people familiar with the situation told ...

Specifically, IRS forms ask, “At any time during the tax year, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, or otherwise dispose of a ...

IRS Form 941, also known as the Employer's Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security, and Medicare taxes withheld from their ...

I knew having multiple forms would drive up the total cost of TurboTax, so I decided to explore the IRS Free File options. In the end, I filed my taxes for free with an IRS Free File program ...

SACRAMENTO, Calif. — A new, free tool to file your taxes for free in California is back. IRS “Direct File” is now in its sophomore year with new features and more eligibility. Here’s what ...