The IRS can impose penalties reaching up to $100,000, making it essential to understand the importance of timely filing.

But there is some historical precedent for stripping a school of its tax-exempt status — a measure that would have crippling effects, making the university’s endowment income taxable and disallowing ...

The cyclone affected over 375,000 households across the Southeast. IRS delays tax filing deadline for state residents after ...

As tax season kicks off, many taxpayers are eager to know when they'll receive their refunds. With the IRS accepting returns ...

Over 66 million retired Americans receive Social Security income, including roughly six million baby boomers who signed up to begin receiving benefits in 2024. While Social Security income is only ...

The IRS highlights key forms and tips for tax-exempt organizations ahead of the May 15 filing deadline. Here's what you need ...

Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...

The IRS has wrapped up the 2025 tax filing season, reminding taxpayers that while extensions grant more time to file, they do ...

The height of tax season was the height of turmoil at the IRS. The agency shuffled through three acting directors over the ...

Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.

Every year, millions of dollars in tax refunds go unclaimed in the United States, often because the taxpayers have passed ...

In a bid to combat tax evasion, the IRS is offering substantial financial rewards to individuals who report fraudulent tax ...