Small businesses that are sole proprietorships, partnerships or limited liability corporations are allowed to deduct costs for workers' compensation insurance from their federal and state taxes.

The IRS issued an important warning in April of 2025, alerting Americans to the fact that around $1 billion in refunds remain ...

The Internal Revenue Service has been erroneously sending out notices to tax exempt bond holders informing them about ...

The receipt of an estate tax closing letter generally indicates that the estate tax return’s IRS examination is closed. Final ...

A Honolulu woman pleaded guilty Thursday for her role in a scheme to file false tax returns and use Hawaii businesses, banks ...

All U.S. taxpayers, regardless of where they live, must report worldwide income to the IRS. That includes wages, interest, ...

That rate will be applied to any supplemental wages, such as bonuses, up to $1 million during the tax year. If your bonus ...

The IRS’s extended June 16 deadline gives you a little more time to prepare and file your return, along with any applicable ...

Now is the time to start preparing for the next tax season. Begin by marking these dates on your calendar today.

It is getting a little difficult to talk about a post-tax filing season after April 15, 2025. With the use of tax extensions ...

U.S. taxpayers living overseas must file 2024 federal returns by June 16, 2025, or request an extension. Here's what you need ...