The last thing hard-working, self-employed business owners need is to leave money on the table when filing their taxes. Find out how to do it right, right from the start.

A new court case now allows the IRS to immediately collect $10,000 penalties from U.S. owners of foreign corporations who fail to file Form 5471. For taxpayers with foreign corporations, the IRS just ...

With bigger tax refunds expected this season, it can be tempting to file returns earlier than usual. But incomplete filings can raise flags for the IRS, delaying processing or even triggering an audit ...

The “determine and document” requirement in Notice 2025‑75 is “ambiguous and potentially onerous,” and Treasury should eliminate, simplify, or replace it, the AICPA told Treasury and IRS officials in ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

As tax season opens, the IRS' internal watchdog warns that certain taxpayers could have problems in 2026. Processing could be smooth for taxpayers who file an electronic, error-free return with direct ...

(NEXSTAR) – Just days after the start of the 2026 tax filing season, a looming government shutdown could disrupt IRS funding starting this Saturday. Should Congress fail to pass the currently-proposed ...

As the IRS moves toward digital-only payments under a Trump-era executive order, taxpayers should expect changes in how refunds are issued and payments are made. Here’s what’s changing. The IRS is ...

Reporting cryptocurrency on your taxes is changing for the 2026 tax season. This year, the IRS is introducing a new dedicated crypto tax form called 1099-DA for all "digital asset proceeds from broker ...

Americans can file their 2025 tax returns with the IRS starting on Monday, Jan. 26, but what many people really want to know is when they can expect their refund. That depends largely on whether you ...