The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

WASHINGTON — The Internal Revenue Service will phase out paper tax refund checks for individual taxpayers beginning Sept. 30, following a presidential executive order aimed at modernizing federal ...

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IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

With the implementation of a $100,000 annual fee for H-1B visas, the president is once again showing that he is not afraid to shake things up when it comes to protecting domestic workers. But if we ...

GREENSBORO, N.C. — If you open up my file cabinet, you'll see taxes from last year and years past, but also from as far back as the 90s. There's really no reason to keep tax returns for five, 10, 20 ...

If you’re considering buying an electric vehicle, now is the time to act. The massive tax bill that President Donald Trump signed into law on July 4 eliminates the popular electric vehicle (EV) tax ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...