Because the IRS typically requires taxpayers to make a claim for a refund within three years of filing their return, ...

The IRS may owe tens of millions of taxpayers money for COVID-19 fines, according to the Kwong v. United States case.

Millions of taxpayers penalized by the IRS during the coronavirus pandemic for late payments or filings may qualify for ...

When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

Taxpayers and practitioners are unsure whether the CP53E notices they have received are scams or simply sent in error, a ...

In general, notices from the IRS can be divided into four categories: informational, where no action is required; adjustment, ...

Forbes contributors publish independent expert analyses and insights. Ashley L. Case, J.D., LL.M., writes about tax and estate planning. Form 56 serves as a conduit of communication between taxpayers ...

As per the Income Tax Act, 1961, bank depositors had to submit Form 15G/Form 15H to the bank to avoid Tax Deducted at Source (TDS). Some depositors were confused about which of the two forms applied ...

An IRS installment agreement allows taxpayers to pay off their tax debt over time through monthly payments. While these plans prevent aggressive collection actions, interest and penalties continue to ...

President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check. By Ann Carrns Tax ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

The Internal Revenue Service has published a new Schedule 1-A and updated instructions for claiming the new tax breaks in the One Big Beautiful Bill Act for tips, overtime, car loans, and senior ...