Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

Here’s some election news that doesn’t involve politics: the IRS is finalizing a long-awaited official form for the Section ...

Keep in mind that you’re not the only one who receives these forms – the IRS is getting copies, too. Here’s everything you need to know about 1099s at tax time. A 1099 is a tax document that reports ...

After two years of delays, the IRS's third-party payment apps reporting change might impact your 2024 tax return.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting ...

Learn about EV tax credits — who qualifies, income limits and how to claim up to $7,500 for electric vehicles. Find out if ...

Settlement agreement wording is important and can help avoid tax trouble. It does not bind the IRS, but helpful tax language in a settlement agreement can resolve audits.

The IRS can garnish wages, but the revenue service can also garnish Social Security. Keep in mind it has 10 years to collect ...

In a surprising turn of events, the IRS has announced that Minnesota's $1,300 stimulus checks will be subject to federal ...

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

Moving abroad as a U.S. citizen offers exciting opportunities but also comes with considerable tax and legal obligations.

The Tuition and Fees Deduction was phased out, but two main credits are currently available: the American Opportunity Credit ...