Taking tax advice from TikTok can come back to bite you, experts say. The IRS is cracking down on "other withholding" claims.

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

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

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 ...

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...

Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English and a second BA in Journalism. Macy is a Writer on the CNET How-To team, covering a variety of topics ...

Once you've accessed the IRS system, you can get the info you need to file electronically this year -- like your adjusted gross income, or AGI, from last year's taxes -- as well as full ...

Internal Revenue Service. "Publication 509: Tax Calendars." Internal Revenue Service. "Penalties." Internal Revenue Service. "IRS Audits." Internal Revenue Service. "Small Business Forms and ...

Beware of doing this, as if the process takes longer than you expect, it could see you handing the taxman a late penalty payment. A tax return tells HMRC about income you have received ...

Tax season has officially begun, as the IRS is now accepting 2024 federal tax returns as of today, Monday, Jan. 27, 2025. Today also marks the first day taxpayers can use Direct File to submit ...

has clarified that taxpayers failing to pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14 percent per annum. This penalty is imposed on the unpaid ...

Speak to a tax relief expert about your options today. If you don't pay your balance or make arrangements with the IRS, penalties and interest will continue to accrue. The penalty for failure to ...