Claims and filings that are determined to be frivolous can result in penalties of $5,000 for each copy that claims an ...

We compare the two highest-rated tax prep apps we've reviewed on price, usability, tax coverage, help resources, and more to help you choose between them.

Form 1099-OID documents an "original issue discount." When you purchase a bond for less than its face value, that's called an original issue discount. You'll redeem the bond at its face value when ...

TurboTax offers a Free Edition* that allows you to report W-2 and limited 1099-INT/1099-DIV/1099-OID income. You can’t itemize ... use wizards and landing pages to walk you through Form 1040 and its ...

For any tax year where you earn $10 or more, your bank will usually send a Form 1099-INT or 1099-OID to you — and to the IRS. That means even if you don't report the interest, the IRS will still ...

H&R Block’s free tier supports more tax situations than TurboTax Free Edition*, but both allow you to report W-2 and limited 1099-INT/1099-DIV/1099-OID income ... you through Form 1040 and ...

Taxes on Treasury Inflation-Protected Securities (TIPS) can be as tricky as solving a Rubik's Cube blindfolded. While TIPS ...

The Internal Revenue Service this week announced its annual Dirty Dozen list of tax scams for 2025 with a warning for ...

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.