Seniors on a fixed income can find relief from tax debt through various IRS programs. Find out more about these opportunities ...

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

For most small business owners, success is typically followed by a substantial tax bill. Here are five things every owner should know.

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

Josh Giddey‘s restricted free agency continues to hang over the Chicago Bulls. The playmaking guard has spent all summer holding out for a deal in the region of $30 million per year. According to ...

According to court documents, Krishnaswami Sriram of Lake Forest, Illinois, was initially charged with one count of willfully attempting to evade and defeat the payment of approximately $1.6 million ...

The IRS has announced that, as part of its phased implementation of the new tax law, there will be no changes to withholding tables for 2025. The IRS added that there will be no changes to certain ...

A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...

The IRS was within its means to reject an offer in compromise from a taxpayers it suspected were merely engaging in delaying tactics, the US Tax Court said. The government didn’t abuse its discretion ...