The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...

A personal loan can help you pay outstanding taxes quickly, but be sure to consider an IRS repayment plan and other ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

The IRS doesn't have a "conscientious objector" type of exemption, not for political or religious reasons. The government expects you to pay tax on all your income as you earn it, which means that if ...

A tax refund is a reimbursement to taxpayers who have overpaid their income taxes, and so the government sends the money back ...

Taxes often feel like a burden, but they can also bring unexpected benefits. The IRS recently announced a surprise for ...

HMRC's £5.5billion estimate for tax evasion in 2022-23 is likely "vastly underestimated," according to a stark warning from MPs. The House of Commons Public Accounts Committee said the tax authority ...

Lawmakers adopted the Tax Cuts and Jobs Act (TCJA) of 2017 and it represented the most significant tax policy overhaul since ...

What could that cost an individual? According to an accountant MarketWatch consulted, it would be a lot. To use round numbers, if you had $100,000 in adjusted gross income for 2025 and took the ...

MILLIONS of workers could save thousands of pounds by making a simple tax check ahead of April. Anyone employed or paid via ...