Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 ...

The IRS has identified eight common mistakes that can delay refunds to taxpayers or prompt rejection of their tax returns.

While the Oscars may have their winners, many Americans are set to receive a more impactful reward: the 2025 Tax Refund. This ...

A tax refund is when a reimbursement is made to a taxpayer for any excess amount paid in taxes to the federal or state ...

The traditional penalty for not filing taxes by the deadline is 5 percent of the tax due for each month the return is late.

Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting ...

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services ...

Your pet may not have a 9-to-5 job, but they could help lower your tax bill. As an accountant and pet parent of a ...

The type of deduction you take can determine how much you'll owe, or even get back in refunds this tax season. But what is the difference between standard and itemized deductions? Is one option better ...

As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season. But penalties can be costly, ...

Dollar General (NYSE: DG) has experienced a brutal stock price decline, with its shares falling roughly 71% since hitting a ...

Understanding the intricacies of requesting a tax season extension from the IRS can save you from unnecessary penalties.