If you work as an employee, you’ll encounter two forms in the course of your employment: Forms W-2 and W-4. Your W-2 will ...

Every December, workers blame the IRS for shrinking bonuses. But bonuses aren’t taxed differently than your regular ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

By taking a few intentional steps in January, you can smooth out your tax burden, reduce errors and make the 2026 filing ...

A long-awaited update to slot jackpot tax reporting included in the One Big Beautiful Bill Act will take effect in 2026, the Internal Revenue Service confirmed this week.

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

IRS urges taxpayers to strengthen data protection as fraud attempts surge ahead of filing season, warning that year-end ...

TaxBandits supports the e-filing, submission, and status tracking of Form 1099-DA, the IRS's newly introduced form for ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on ...