If you underpaid your 2024 taxes, you may be in for an unwelcome surprise, including a 0.5% monthly failure-to-pay penalty ...

Anyone with a phone or an email address knows financial scammers are relentless — and tax season is perhaps the worst time of ...

The New York Times reported on March 4, 2025, that the Trump administration is aiming to cut half of the Internal Revenue Service’s workforce by ...

Grant proceeds received under a government program were includible in gross income, but Petitioner was not liable for an accuracy-related penalty because there was substantial authority for Petitioner ...

Grant funds given to a unit of New York City-based financial services firm Cantor Fitzgerald LP as part of a post-Sept. 11 recovery program are subject to income tax, the US Tax Court said Tuesday.

Discover how Rollovers as Business Startups (ROBS) can fund your business using retirement savings — requirements, pros, cons ...

Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full ...

The average tax refund could bring you a few thousand dollars this year. Here's how much it could earn in a CD.

The traditional penalty for not filing taxes by the deadline is 5 percent of the tax due for each month the return is late.

In addition, there are exceptions for transfers to disabled children of the grantor or into trust for the sole benefit of any disabled beneficiary under the age of 65. In both of these cases, there ...

Lawmakers in Connecticut want to ban state companies from profiting off drugs used in federal executions, all of which are ...

This is the time of year when people's minds are filled with tax issues — whether they're searching for free tax help they can trust, trying to squeeze out more valuable ...