The Internal Revenue Service is nearing an agreement to allow immigration officials to use tax data to confirm the names and addresses of people suspected of being in the country illegally ...

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 ...

What Is Form 5329: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts? Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers ...

Correction: This article was updated to remove a reference to House Ways and Means Committee Chairman Jason Smith’s (R-Mo.) views on IRS collections and the debt ceiling. The IRS is preparing to ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying ...

According to IRS.gov, Form 8283 is used to report information about noncash charitable contributions for noncash deductions over $500.

WASHINGTON -- The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation.

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

Many top tax prep companies have a free tier for filers with a simple tax return, the most basic version you can file. A simple return is typically prepared using IRS Form 1040, with income from a ...

An IRS Form 1095 will give you proof of health insurance for your taxes. No, you no longer need to prove you have health insurance on your federal tax returns. This change happened in 2019 when ...