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.

The three-year rule could play a role in your ability to claim tax money that you're owed by the IRS. Pamela Albin Moore/ .

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 ...

To file for an extension on your state income tax, fill out the appropriate form - Form IT-201 for New York residents' personal tax returns. Completing the form will give filers another six months to ...

It's important to understand what a tax extension does and doesn't do or you could end up making costly mistakes.

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

If you don't pay what you owe on your taxes when you request an extension, you might get hit with an underpayment penalty. To ...

If you don't think you can finish filing your income taxes by the April 15 deadline, you have options. To start, you can file ...

This time of year is always a stressful time for independent accountants. During the summer most of these accountants don’t put in many hours but they make up for it in tax season. I ...

A record-breaking tax collection year in 2024 has prompted stricter oversight and enforcement measures in 2025, as ...