The 2d Circuit sides with IRS on Farhy. IRS wins in Safdieh and can automatically assess $10,000 penalty for failure to file Form 5471 for a foreign corporation.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Incorrect IRS Forms 1099 are a worry, since Forms 1099 generally ...

According to the IRS, this is a required tax form that employers must file with the Social Security Administration (SSA) and provide a copy to each employee. It reports: The employee’s total wages, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Owners of rental properties, take note: your reporting ...

Reporting cryptocurrency on your taxes is changing for the 2026 tax season. This year, the IRS is introducing a new dedicated crypto tax form called 1099-DA for all "digital asset proceeds from broker ...

As tax season kicks off, families with minor children can now register for Trump accounts. To open the account, an election must be made on IRS Form 4547. Form 4547 can be filed separately or with ...

Got your W-2s ready? Today, the IRS will begin accepting 2025 tax returns for the 2026 tax filing season. “The Internal Revenue Service is ready to help taxpayers meet their tax filing and payment ...

The IRS has released Form 4547, allowing parents to register eligible children for Trump Accounts when filing 2025 tax returns. Here’s how the election works, who qualifies, and what happens next. Tax ...

Got a tip on a tax dodger? The IRS Whistleblower Office has updated Form 211, allowing tips to be submitted digitally for the first time—cutting paperwork, reducing errors and speeding up the process.