Navigating the complexities of tax filing can be daunting, but understanding the potential penalties for not filing is ...

In 2024, it took the IRS an average of 676 days to resolve an identity theft case, five times longer than the 129 days it ...

The IRS restarted processing ERC claims following a one-year pause, but it’s been slow to reduce its backlog. At one point, ...

If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...

So, what are your changes of being audited? Regardless of income, your chances of being audited are pretty slim. Of the ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

Navigating the tax refund process can be daunting, especially if you've overpaid your taxes. The IRS is responsible for ...

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 ...

Filing taxes accurately is crucial to avoid penalties and delays in refunds. The IRS warns that common mistakes like missing ...

All income is taxable, even stolen money. If the interpreter pays back his former boss the stolen money, does the IRS let him ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

The IRS Fresh Start program isn't a magic solution that erases all tax problems, however. While it has helped many taxpayers ...