WASHINGTON D.C. – The Internal Revenue Service (IRS) issued a scam warning for tax filers nationwide. On Jul. 3, the IRS warned taxpayers about a new scam involving improperly claimed clean energy tax ...

Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...

The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

What Is Form 1099-PATR, Taxable Distributions Received From Cooperatives? Form 1099-PATR, Taxable Distributions Received From Cooperatives is an IRS form sent to taxpayers to allow them to report ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Businesses must file payroll forms on time to stay in good ...

According to the IRS, all corporations, whether subject to tax under Subchapter C or S of the Internal Revenue Code, have a legal obligation to file annual tax returns with the Internal Revenue ...

When starting a new job, employees must fill our Internal Revenue Service Form W-4, instructing their employers how to set up their payroll deductions. An employer cannot begin running an employee's ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

An estimated 20 million taxpayers will need to file before this week’s deadline, the Internal Revenue Service (IRS) warned ...