IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...

every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and perquisites. The changes effected in the Form 16 format will ...

Starting in 2025, homeowners must include a Product Identification Number (PIN) from the manufacturer when filing IRS Form 5695. Only existing homes used as a primary residence qualify. New builds and ...

But that political hypothesis is now buckling under the weight of Republicans’ new $4.5 trillion proposal to extend Trump’s 2017 tax cuts. In its current form, the GOP initiative would deliver more ...

WASHINGTON — For decades, the Internal Revenue Service has cultivated a reputation as a force of wonky, drama-free, and borderline-boring accountants who fulfill the unpopular task of collecting ...

Taxpayers who omitted an item of income that was reported to the IRS by the payor (Form W-2, Forms 1099) will likely receive a notice from the IRS notifying the taxpayer of the omission and of the ...

Here’s the number you need to remember: $10,000. That’s the magic threshold at which the Internal Revenue Service (IRS) starts paying closer attention to your bank activity. Any time you deposit that ...

including misidentifying the amended tax form as Form 104X (it's Form 1040X) that was recently "filled" instead of "filed." Both errors have since been fixed, but other errors remain on the site ...

taxpayers must file a 2021 tax return and claim the Recovery Rebate Credit on IRS Form 1040. Even individuals with no income must file a return to qualify. Importantly, the IRS has confirmed that ...

Those interested in filing an extension for federal taxes can use IRS form 486, though it is recommended to file your extension electronically. The IRS has long been notorious for not keeping on ...

After freezing billions in federal funds for the university early, he now says he will revoke Harvard’s tax-exempt status. The president had previously mused that Harvard could potentially lose ...