Trump orders IRS to stop sending, taking checks. What Arizona taxpayers can expect
The IRS no longer will issue paper checks or take payments by check under an order from President Trump. The aim is to boost ...
Explícame on MSN12h
IRS key to digital assets this tax season 2025 (even if you didn't have one)
As tax season 2025 approaches, the IRS emphasizes the importance of addressing digital assets, even for those who haven't ...
Accounting Today2d
IRS gives new guidance for scam victims to deduct theft losses
Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft ...
CNN5d
IRS nearing agreement to use its data to help ICE locate undocumented migrants
The IRS is close to finalizing an agreement with the Department of Homeland Security to help locate migrants suspected of being in the US illegally, a person familiar with the matter said ...
CBS News29d
How far back can the IRS claim you owe money?
Tax season can be a bit stressful for many Americans, but for those with unfiled returns or back taxes, the stress levels can be overwhelming. The Internal Revenue Service (IRS) is one of the most ...
Investopedia17d
Form 5329: Additional Taxes on Qualified Plans and Other Tax-Favored Accounts
What Is Form 5329: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts? Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers ...
Investopedia18d
What Was Form 1040EZ, and Why Is It No Longer Used?
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...
Investopedia7d
How to Fill Out a W-9 Form: Request for Taxpayer Identification Number and Certification
PeopleImages.com / Getty Images Form W-9, Request for Taxpayer Identification Number (TIN) and Certification, is an Internal Revenue Service (IRS) tax form that businesses use to collect ...
CNN12d
Why IRS upheaval has not slowed tax season
The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest ...
Newsweek3d
IRS Issues Advice To Speed Up Tax Refunds
Using IRS Free File. Filing Form 4868 by April 15. An extension grants more time to file—but not to pay. Returns should be filed before the national deadline on April 15—although there are ...
CNN24d
The IRS is drafting plans to cut as much as half of its 90,000-person workforce, sources say
The Internal Revenue Service is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the ...
CNBC6d
What is a simple tax return?
A simple return is typically prepared using IRS Form 1040, with income from a single source. Other aspects of a simple return include: W-2 income You are reporting limited interest and dividend ...