Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...

By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

With the recent tax season behind us, the IRS is encouraging taxpayers to reassess their tax withholding. This proactive step can help avoid unexpected tax bills or penalties in the upcoming year.

The Affordable Care Act resulted in the creation of some new tax forms, including Form 1095-A, Form 1095-B, and Form 1095-C. These forms are sent to individuals and the Internal Revenue Service (IRS) ...

This option connects taxpayers with companies belonging to the Free File Alliance to prepare and file federal taxes online at no cost to qualifying taxpayers. Using the free fillable form for incomes ...

When joining a new employer, you may be asked to submit your previous Form 16. This helps the HR and payroll departments calculate the cumulative tax liability for the financial year and ensures ...

Comptroller's letter should be supplied to vendors when making purchases which qualify for exemption from Texas Sales and Use Tax. Form W-9--- This form should be sent to any company that pays the ...

The rules surrounding your health insurance and taxes have shifted in the past few years, as has the utility of the Form 1095. Thomas is a native of upstate New York and a graduate of the ...

Knowing the difference between a 1099 vs W2 employee classification is key for filing taxes. Employees receive a W-2 and independent contractors receive a 1099.

At that point, the program could only pay 83% of scheduled benefits, relying solely on incoming payroll taxes. Additionally, under the Trump administration, the Social Security Administration ...

Aseem Mowar, Tax Partner, EY India, says, "The CBDT introduced the ITR-B form on April 7, 2025 thereby enabling searched taxpayers to comprehensively disclose undisclosed income. This includes ...

The 2025 tax deadline is fast approaching and while some are waiting to submit at the very last minute, others are waiting and wondering when their refunds will arrive. Here's what to know.