The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about ...

Gujarat High Court held that in the absence of new material facts brought on record by the Revenue reopening of assessment beyond the period of 4 years is found to be not sustainable in the eye of law ...

Learn what happens if you don't file your taxes in 2025. Discover the consequences, penalties, and how to address unfiled tax ...

Priority Income Fund’s 14.06% yield and solid dividend cushion provide stability. Learn why PRIF stock is a top pick for ...

The IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file ...

Discover top-rated tax relief services to help you resolve tax issues, reduce debt, and avoid penalties. Learn how ...

Matthew Gilbert, who has hundreds of thousands of followers on social media, was found by Revenue to have under-declared his ...

Over 1.1 million people have unclaimed federal income tax refunds from 2021, which are in jeopardy of becoming government property if not claimed soon, with a median return of $781 and potential ...

The agency in September announced it recovered $1.3 billion in unpaid taxes from “high-income, high-wealth individuals,” ...