The Internal Revenue Service (IRS) has recently released a new form, 15620, which will significantly impact the way taxpayers ...

at least with respect to IRS Form 3520 and 3520-A penalties. In her NTA Blog, Ms. Collins announced that the IRS will no longer make automatic penalty assessments for late-filed IRS Forms 3520 ...

IRS Form 2848 allows tax professionals, such as an attorney, CPA, or enrolled agent, to represent you before the IRS as if they were the taxpayer. Signing Form 2848 and authorizing someone to ...

On November 7, 2024, the IRS introduced Form 15620, a new standardized form for taxpayers opting to make a Section 83(b) ...

Good news from thje IRS for taxpayers who have late filings reporting foreign gifts or bequests on ... [+] Form 3520. No more automatic penalty. The IRS Commissioner Danny Werfel announced some ...

Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

Her expertise is in personal finance and investing, and real estate. Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years. The IRS each ...

Nora Carol Photography / Getty Images Every employee, full-time or part-time, must complete a W-4 form to determine tax withholding from their paychecks. If you're switching jobs and haven't ...

The Internal Revenue Service (IRS) on Tuesday announced its inflation adjustments to tax brackets and deductions for the 2025 tax year, potentially giving Americans a chance to increase their ...

Typically, this information gets reported using an IRS tax form called the 1099-K. The Form 1099-K is a reporting form meant specifically for transactions made through third-party network ...