Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers who owe a penalty related to their use of a tax-advantaged retirement savings plan such as an IRA or 401(k) ...

A recent scheme circulating on social media, according to the IRS, will encourage you to fill out Form W-2, Wage and Tax Statement, or other forms like Form 1099-NEC and other 1099s with false ...

Further details on child tax credits can be found in the Instructions for Schedule 8812 (Form 1040). For 2024, both the Adoption Credit and the exclusion for employer-provided adoption benefits ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

WASHINGTON—Acting IRS Commissioner Douglas O’Donnell plans to announce his retirement on Tuesday, said two people familiar with the decision, bringing another abrupt change to a federal agency ...

Cultura RM Exclusive/Stefano Gilera / Getty Images Form 1099-Q: Payments From Qualified Education Programs is an Internal Revenue Service (IRS) tax form sent to individuals who receive ...

Tax filing season is in full gear as some people are already waiting and wondering when their refund will arrive. Here's what to know. How to check on my IRS refund status? The IRS has an online ...

It might be worth adjusting tax withholdings on W-4 forms in the future, or if a taxpayer is self-employed and files via Form 1099, set aside more money throughout the year to better prepare for ...

The administration is Automakers to use the next month to prepare for the 25% tax or shift production back to the US. Other sectors are reportedly asking for tariff exemptions as the president ...

WASHINGTON (AP) — The layoffs of roughly 7,000 IRS probationary workers beginning this week likely mean the end of the agency’s plan to go after high-wealth tax dodgers and could spell ...

WASHINGTON — The Internal Revenue Service’s acting chief counsel, William Paul, has been removed from his role at the agency and replaced by Andrew De Mello, an attorney in the chief counsel ...