If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...

The IRS quietly released an Action on Decision on January 2, 2025, which provides significant concessions to taxpayers ...

If you choose to itemize deductions, you'll have the option of deducting the state and local sales tax you paid, or you can ...

Most borrowers couldn't claim the deduction on federal student loans during the pandemic-era pause on student loan bills, ...

If you're a SSDI recipient and have an additional income source, you may need to file your taxes this year. Even if you don't ...

January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are the ...

Tax season has arrived, and TaxBandits is prepared to simplify year-end filings for businesses, accountants, and tax professionals nationwide. As a trusted IRS-authorized e-file provider, TaxBandits ...

The compensation data below highlights the highest-paid employees at a tax-exempt organization that filed a Form 990 for 2022 ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

The progenitors of the ATF were all fundamentally tax collectors and assistants to tax collectors. The earliest bureaucratic ...