Once filed, Form 7004 is automatically approved unless the IRS contacts the filer to deny the extension. However, businesses should not assume that approval means they do not need to pay estimated ...

As the 2025 tax filing deadline approaches, taxpayers should be aware of several minor, yet important, changes to Internal ...

IRS Form 941, also known as the Employer's Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security, and Medicare taxes withheld from their ...

An interest-free loan and support to invest in his farm have ushered in better days, said Umaid Thakore, a farmer from Chiloda village in Gujarat’s Gandhinagar. For Thakore and many other small ...

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 ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last year to fix tax troubles.

Taxpayers can still receive a stimulus check up to $1,400 depending on how they filed their 2021 tax returns. The Internal Revenue Service announced in December that it would be distributing ...

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 ...

While the Internal Revenue Service is still processing returns, refunds for tax year 2024 are tracking higher than they did ...

As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested extensions, at this point in the filing season compared to last year ...

The information-sharing initiative comes as President Donald Trump has pushed his administration to conduct the largest mass deportation in U.S. history. The U.S. Internal Revenue Service is ...