IRS says 400K Americans who underpaid taxes will have penalty automatically waived
Even those who did not claim an available waiver will not be subject to a penalty.
Willie Nelson cancels August tour dates, but not giving up on performing yet
A breathing problem led the 87-year-old singer to cancel the next 6 stops on his tour. But he won’t give up the hustle. One look at his career and it’s easy to see why.
IRS tells 10K taxpayers to pay up on virtual currency transactions
Failure to comply could result in audits and even criminal investigations, the agency said.
23andMe genetic testing kits now eligible for this tax break
Taxpayers might be able to save on a portion of the company's medical testing services.
New York, New Jersey among high-tax states suing IRS for killing SALT cap workaround
Some Democratic leaders believe the tax provision was politically motivated.
IRS tax tips: 6 ways to stop cybercriminals from accessing your private information
The IRS says it has made “major progress” against identity theft in tax returns, but evolving tactics still threaten taxpayers’ sensitive data.
Tax season: Liabilities fell across all income groups
Frustration over refunds could overshadow benefits.
Americans in France could be paid as much as $300M in back taxes
After a years-long court battle, the IRS updated a provision that blocked U.S. citizens in France from claiming certain tax credits.
IRS 'Taxpayer Anxiety Index' may soon track Americans' tax-induced stress levels
National Taxpayer Advocate Nina Olson said the IRS’ taxpayer service is “woefully inadequate.”
New York, California high-tax state exodus just beginning, expert warns
The Treasury Department officially squashed a key workaround last week.
High-tax states dealt SALT workaround blow, but these strategies are still viable
The Treasury Department issued a final ruling on one strategy this week.
SALT workaround officially squashed by Treasury Department
The tax reform law capped SALT deductions at $10,000.
IRS warns taxpayers about new twists on scams
With the arrival of tax bills and refunds in the late spring and early summer, the Internal Revenue Service (IRS) is also warning taxpayers against various tax scams that have begun to crop up.
AOC, Warren closer to goal of IRS doing your taxes for you
Lawmakers are said to have removed a provision from a bill that would have prevented the IRS from creating its own free filing software.
Uber’s taxes under IRS review
The tax agency is looking at Uber’s 2013 and 2014 taxes, while charges dating back to 2010 across some foreign jurisdictions are subject to change.
US companies paid $91B less in taxes under Trump’s new law
According to the data, companies paid close to $262.7 billion in taxes in 2018, the first year the full tax law was in effect.
IRS releases new W-4 draft, here's what you should do now
Some taxpayers were surprised by their refund, or bill, in 2019.
'Jeopardy!' champ James Holzhauer's tax bill to cost him
Holzhauer's stunning run on Jeopardy rakes in millions.
IRS releases new W-4 draft, here's what it looks like
The W-4 is used to calculate how much money to withheld from your paycheck for federal taxes.
IRS 'harming' Americans struggling to meet tax obligations, report says
National Taxpayer Advocate criticized the agency over how it handles filers who owe back taxes.