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

Indian students on OPT in the US currently benefit from FICA tax exemption, saving thousands annually. However, proposed US ...

According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...

IRS Form 5498 is one of the most overlooked but critically important IRA forms. While Form 1099-R usually gets attention during tax time for reporting distributions, Form 5498 plays a ...

TaxZerone offers comprehensive tools and support for accurate and timely 2290 filing. SAN JOSE, CA, UNITED STATES, July 1, 2025 /EINPresswire.com/ -- The IRS e-filing ...

The IRS has proposed a step it believes will streamline the process of applying for a private letter ruling (PLR). And it wants to know what you think about it. The IRS on June 16 announced that it ...

While Notice 2025-33 delays certain penalties, brokers are still on the clock to prepare for Form 1099-DA reporting. These phased relief measures provide flexibility, but full compliance will be ...

If your tax liability is more than you can handle by the filing deadline, you have a few options—including help from the IRS itself. We explain everything you need to know so you can plan ahead. I ...

Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, ...

Editor: Greg A. Fairbanks, J.D., LL.M. The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting with tax years beginning in 2024 ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and why did you receive yours? IRS Form 1099 is informational. This means that ...

The IRS requires Purdue and Purdue Global, as employers, to report whether an employee and dependents (if applicable) had health coverage in 2024. Therefore, employees receive Form 1095-C, which ...