Plus: First-time filers, tax refund checks, new tax-related scams, IRS job rescissions, federal estate taxes, tax filing deadlines, industry updates, and more. ByKelly Phillips Erb, Forbes Staff.

On its website, the IRS wrote that this means those with job offers with a start date after Feb. 8 will be revoked. With the tax filing season recently starting and lasting until April 15 ...

Languages: English. With the Internal Revenue Service (IRS) processing about 140 million tax returns annually and issuing refunds averaging $3,100 per filer, even minor slowdowns could affect ...

Or . . . maybe not. The most noteworthy new program for free tax-prep, IRS Direct File, came under fire this week from Elon Musk, who tweeted Monday that the service had been “deleted.” ...

Although Texas imposes no state or income tax, there are important considerations for Texans from the Internal Revenue Service. The IRS released numbers for tax year 2024 last year, nudging most ...

Here is a list of our partners and here's how we make money. A budget planner is a tool, such as a worksheet or template, that you can use to design your budget. A successful budget planner helps ...

Dealing with delinquent tax debt may be one of the most stressful financial challenges a person can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS ...

Seventeen years after Congress enacted IRC Section 2801, the IRS (finally) released final regulations implementing the law on Jan. 10, 2025. It’s been a long wait. The regulations clarify (to a ...

The IRS on average processes about 140 million tax returns a year and issues refunds averaging around $3,100 apiece. The site said that the IRS has yet to express any concerns about potential ...

While Musk’s tweet may have intimated that the group of workers had been eliminated, an individual with knowledge of the IRS workforce said the Direct File program was still accepting tax returns.

An executive order signed by President Donald Trump regarding IRS hiring should not affect the use of seasonal employees for the tax filing season, an AICPA vice president said Tuesday. The IRS likely ...

That program enables tax filers in 25 states, if they choose, to file their taxes for free on the IRS website, if their tax returns aren’t too complex. On Monday, in response to a follower’s ...