Non-US financial accounts are reported on FBAR. Penalties can be severe but it is often more difficult for IRS to enforce ...

As a U.S. taxpayer, one of the last things that you want to hear is that the Internal Revenue Service (IRS) has disagreed ...

Filing taxes may appear overwhelming due to the various slabs, exemptions and the different Income Tax Return (ITR) forms issued by the IT department. This confusion is especially prevalent among ...

On November 7, 2024, the IRS introduced Form 15620, a new standardized form for taxpayers opting to make a Section 83(b) ...

When a disaster strikes, it’s best to act fast so you can get reimbursements sooner rather than later. Here’s how to get your tax documents back, according to the IRS.

Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

Learn about EV tax credits — who qualifies, income limits and how to claim up to $7,500 for electric vehicles. Find out if ...

The Tuition and Fees Deduction was phased out, but two main credits are currently available: the American Opportunity Credit ...

See the full methodology for how Business Insider's personal finance team rates and reviews the tax software you need to file your taxes.

The R&D credit is a tax credit that provides a dollar-for-dollar reduction in taxes owed for companies performing research, ...

“As part of the application process, Makros submitted IRS Schedule C forms for his business that purported to be part of his ...

KBRA assigns a long-term rating of AA to the Chicago Transit Authority, IL (CTA) Sales Tax Receipts Revenue Refunding Bonds ...