A Channel 2 Action News investigation is uncovering how rogue insurance agents are making millions by taking advantage of ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

Her expertise is in personal finance and investing, and real estate. Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of ...

Do I always have to pay tax on my income? Tax-free allowances reduce the amount of tax you have to pay on income you receive. There are two types: Allowances – allow you to earn a certain amount of ...

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an ...

The IRS allows you to submit tax forms electronically or through the mail. If you file Form 1099-NEC on paper, you must submit it with Form 1096, Annual Summary and Transmittal of U.S. Information ...

Good news from thje IRS for taxpayers who have late filings reporting foreign gifts or bequests on ... [+] Form 3520. No more automatic penalty. The IRS Commissioner Danny Werfel announced some ...

Millions of working families rely on family tax credits like the child tax credit (CTC) to support household bills like food, housing, child care, and education. Claiming these and other federal ...

The Internal Revenue Service just set the levels of its income-tax brackets and a commonly used deduction that Americans will have for their 2025 taxes. Take a long look at the numbers.

including IRS Forms 3520, 3520-A, 5471, and 5472. Under these systemic assessment procedures, the IRS automatically imposes penalties against taxpayers who file one or more of these returns late.

So, the IRS initially waived penalties for failing to take RMDs for certain IRAs inherited in 2020 and 2021. Later, the agency waived missed RMD penalties for IRAs inherited in 2022. Profit and ...