Tax season is in full swing with just about a month left until the April 15 deadline. Time is ticking, and we know firsthand how stressful it can be to even think about tax day — and how daunting the ...

The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Prior to the law change, an Illinois investment partnership was a partnership under federal income tax law that met the ...

ITAT quashes DCIT's 153C assessments for Piyush Bongirwar, holding that a single diary page pertaining only to AY 2013-14 cannot justify assessment for later years without specific incriminating ...

The Internal Revenue Service is no longer issuing paper tax refunds after September, according to a news release published by the department. On Sept. 23, the agency said it will transition to fully ...

Stoy Hall, CFP and founder of Black Mammoth, shares how he talks to clients about getting organized, maximizing tax-advantaged savings, and aiming for one small, intentional tax bill.

The Internal Revenue Service's Independent Office of Appeals launched a two-year pilot program designed to increase taxpayers' awareness and use of PAM.

The IRS's new six-year rule offers relief for taxpayers with overdue returns, but strict refund deadlines remain. Act swiftly ...