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Internal Revenue Service

IRS aims to more than double its audit rate on wealthiest taxpayers

by Adrian Jhonsan
IRS aims to more than double its audit rate on wealthiest taxpayers

Internal Revenue Commissioner Danny Werfel speaks during his swearing in ceremony at the IRS in Washington, D.C., on April 4, 2023. Bonnie Cash | Getty Images News | Getty Images …

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Categories World

New York tax preparer charged in big tax fraud scheme

by James Odonell
New York tax preparer charged in big tax fraud scheme

Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023. Barry Williams | New York Daily News …

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Categories Politics

Here’s what to know on Tax Day if you still haven’t filed your return

by Adrian Jhonsan
Here’s what to know on Tax Day if you still haven’t filed your return

Danny Werfel, IRS Commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023. Ting Shen | Bloomberg | Getty Images File by the …

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Categories World

Here’s what to do if you can’t pay your taxes by the deadline

by Adrian Jhonsan
Here’s what to do if you can’t pay your taxes by the deadline

File your return by April 15 even if you can’t pay If you can’t cover your taxes in full, you should still file your return by April 15 and pay …

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Categories World

The first quarter estimated tax deadline for 2024 is April 15

by Adrian Jhonsan
The first quarter estimated tax deadline for 2024 is April 15

If you are racing to file taxes, you could miss another key deadline: the April 15 due date for first-quarter estimated tax payments. Estimated tax payments typically apply to earnings …

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Categories World

Here’s how to file a federal tax extension for free in minutes

by Adrian Jhonsan
Here’s how to file a federal tax extension for free in minutes

Cavan Images | Getty Images If you need more time for your taxes, there’s a quick, free way to file a federal tax extension online, according to experts. This season, …

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Categories World

Here’s how to calculate crypto taxes amid the latest bitcoin rally

by Adrian Jhonsan
Here’s how to calculate crypto taxes amid the latest bitcoin rally

Whether you’re a longtime crypto investor or recently purchased digital assets, here are some key things to know from crypto tax experts.  How to answer Form 1040 ‘digital assets’ question …

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Categories World

Here are 3 key things to know before filing your 2023 tax return

by Adrian Jhonsan
Here’s how to file a federal tax extension for free in minutes

The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the …

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Categories World

My tax refund this year was just $18—why financial experts say that’s a good thing

by Adrian Jhonsan
My tax refund this year was just —why financial experts say that’s a good thing

The IRS has received some 44 million returns so far for tax year 2023, and is issuing an average refund of $3,213, the agency says. Having filed my return and …

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Categories World

Here’s a checklist of the tax forms needed to file your return

by Adrian Jhonsan
Here’s a checklist of the tax forms needed to file your return

If you’re expecting a tax refund this season, you can avoid delays by filing a complete and accurate return. But first, you’ll need to gather your tax forms. You get …

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Categories World
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