An IRS offer in compromise can help you settle tax debt for less than you owe, but it's difficult to qualify for.

Accounting firms are seeing an increase in scams involving the notices the IRS is sending to taxpayers when they don't ...

A court ruling may allow taxpayers to claim refunds on IRS late fees from pandemic-era filings, but claims must be submitted ...

A federal court ruling may entitle some South Carolina taxpayers to refunds from the IRS. The ruling extended tax deadlines ...

Missing your first required minimum distribution deadline isn't ideal -- but it's far from a disaster. Here's how to fix it ...

The penalty for missing an RMD was cut from 50% to 25%. Learn about the new rules and strategies like QCDs to ensure you ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

Beginning with crypto transactions in 2025 (to be filed in the 2026 tax season), crypto brokers in the United States, such as Coinbase (Nasdaq: COIN), are required to issue a new document known as ...

The standard RMD penalty is 25% of the amount you should have withdrawn. You can drop it to 10% if you take your RMD within two years and file the right tax form. The IRS may also waive your penalty ...

A new tax form related to digital assets is set to change how millions of crypto investors file their taxes and failing to understand it could mean paying more than necessary. Beginning with crypto ...

Child care is expensive — and if you’re paying for care so you can work or look for work, the IRS does offer a meaningful tax break. IRS Form 2441 is how you claim the Child and Dependent Care Credit, ...

As tax season kicks off, families with minor children can now register for Trump accounts. To open the account, an election must be made on IRS Form 4547. Form 4547 can be filed separately or with ...