Tax season is officially underway, as the Internal Revenue Service started processing returns Monday. The agency expects more than 140 million individual tax returns for tax year 2024 to be filed ...

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

Individuals who have not yet filed their 2021 tax returns can still qualify for the payment, but they must file these by April 15.

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

Tax filing season kicked off on Monday as the U.S. Internal Revenue Service began accepting completed tax forms. Americans ...

These letters are supposed to alert tax professionals about ... renew it through the IRS website. It's worth noting that some CPAs notice that tax returns continue to be filed with expired PTINs ...

Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the ...

In his first presidential term, Donald Trump made big tax cuts. Yes, there were cuts for the middle class, along with larger cuts for the wealthy. Trump made the middle-class tax cuts temporary ...

Individuals and businesses affected by the ravaging wildfires in southern California will receive tax relief, the IRS said. For those who live or own a business in Los Angeles County, or the area ...

Even if Donald Trump vastly expands the use of tariffs as president, it’s unlikely he’ll collect enough revenue to replace the more than century-old federal income tax system. President-elect ...

The IRS has announced the start of the tax season, set for Jan. 27, and new tools and features making the filing process easier for taxpayers.

For larger errors, you may need to respond to an IRS letter asking ... You may receive a notice from the IRS showing the difference between what you reported on the tax return versus what the ...