A new IRS change could make penalty relief less of a paperwork chase for some taxpayers.The Internal Revenue Service announced on Wednesday, July 8, that it is introducing an Automatic Exemption from ...

Illinois residents and businesses impacted by severe weather between March 10 and June 21 may be eligible for state tax ...

The IRS has announced that starting this summer, eligible taxpayers will have certain penalties automatically waived.

A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and ...

Tax preparation turns W-2s, 1099s, credits, deductions, and filing choices into federal and state returns. In the U.S., the ...

Recognizing the vital role the program plays for many, the majority of states exempt Social Security income from taxation.

Taxpayers should verify Annual Information Statement data for capital gains. Relying solely on AIS may lead to incorrect ...

You can now file for COVID-related tax refunds online. But the IRS deadline to claim your money is July 10. So, act fast.

Waffle House is staring down a proposed class-action lawsuit from a former server who says the Norcross-based chain quietly ...

Crypto investment is subject to a 1 percent TDS on transfers of cryptocurrencies through Indian exchanges, while gains are taxed at a flat 30 percent.

Sole traders and landlords are facing a critical deadline as HMRC pushes ahead with its controversial overhaul of the tax ...

The refunds stem from IRS penalties and interest that some taxpayers paid during the COVID-19 emergency after deadlines were ...