March 17, 2025, is a key tax deadline for businesses, but they can request an extension of time using Form 7004 through ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS). IRS penalties are typically assessed for violations of tax laws, such as misreporting ...

The IRS kicked off its tax season Jan. 27 and has issued statistics through Feb. 21. Both tax professionals and do-it-yourselfers seem to be lagging a bit when it comes to filing early returns.

A trove of cash could be forfeited if Californians fail to complete their 2021 tax returns by next month, according to the Internal Revenue Service. The IRS is currently sitting on about $92.3 ...

No one likes taxes -- especially President Donald Trump. If he has his way, income taxes will become a thing of the past, ...

and the drop may be due to certain family tax credits haven’t been delivered yet. The IRS reported that the average refund amount via direct deposit was $2,252 based on 33 million tax returns ...

The details of the IRS proposal to cut nearly 20 percent of its workforce by May 15—a day after Tax Day—were laid out in an email from DOGE and reported widely. It includes yet another round ...

The IRS issued a stark warning to millions of Americans who may have overpaid their taxes — time is running out to reclaim nearly $1 billion in cash. Federal tax officials said unclaimed ...

When Trump appointed billionaires to his cabinet and gave an unelected billionaire (Elon Musk) the power to direct government ...