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

Going global can turboboost growth but also creates tax risks. Research, planning and expert advice can help you avoid costly mistakes.

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

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 ...

The IRS now makes it easier to report tax fraud. A whistleblower can earn 15–30% of collected taxes, penalties, and interest ...

The Internal Revenue Service has made only limited progress so far on its goal of achieving "paperless processing," scanning only a tiny fraction of paper-filed returns last tax season, according to a ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

The Internal Revenue Service started accepting federal tax returns in late January. Federal income tax returns are due on Wednesday, April 15. New York state income taxes are also due on April 15. The ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

Nearly every major financial crime case touches Bank Secrecy Act filings—here’s how SARs, CTRs, and Forms 8300 drive ...

Check your mail box. Your W-2 should be arriving any day now, if it hasn't already. Employers were supposed to file wage and tax statements by the end of January. The Internal Revenue Service has been ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Oscar Wong / Getty Images To avoid ...