In response to the discovery of nearly $50 million in payments to ineligible farmers, Agriculture Secretary Tom Vilsack today announced that the U.S. Department of Agriculture (USDA) and Internal ...

Hah! Just kidding… But did you think, “Oh no!” or “Yippee!” when you saw that subject line? The ups and downs of the Consumer ...

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

or the additional child tax credit (ACTC). The extra time allows the IRS to match forms on their end with information reported by taxpayers, all in an effort to prevent fraud. This year ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment ...

Even if canceled or forgiven debt was less than $600, the IRS still requires you to report it on your tax return (under the “other income” line on Form 1040 or 1040-SR). Form 1099-CAP ...

Many taxpayers are eager to file returns to collect a refund, but it's important to gather the necessary tax forms first. Filing an incomplete return could flag the IRS system, delay processing or ...

Luckily, while the Internal Revenue Service (IRS) might seem intimidating, it offers several options to help taxpayers manage their tax liabilities without facing extreme financial hardship.