Millions of taxpayers expecting a federal income tax refund are getting an IRS notice instead of cash due to new rules.

Officials also say that artificial intelligence has likely contributed to the increased volume of fraud attempts.

Felecia Stevenson, owner of six Jackson Hewitt locations, and Park Forest-based Kirby Ashley outline new deductions for tax ...

This article discusses what RMDs are, how they work, what accounts have them, when you need to take them, how to calculate ...

There’s no requirement that the form be downloadable, but the Internal Revenue Service does require 1099-INT forms to be ...

The IRS charges an excess accumulation penalty if a retirement account owner or beneficiary does not withdraw the required minimum distribution (RMD) for the year.

Many Americans could see changes to their tax refunds this year due to updates in the One Big Beautiful Bill Act ...

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 ...

The standard RMD penalty is 25% of the amount you should have withdrawn. You can drop it to 10% if you take your RMD within two years and file the right tax form. The IRS may also waive your penalty ...

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 ...

Form 4547, which allows taxpayers to elect the new Trump accounts, was clearly numbered with purpose. But when it comes to 1040s, W-2s, 1099s, and other familiar forms, the explanation is far less ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. I’m hearing from multiple taxpayers every day who receive canned ...