Filing your federal tax ... Form 1040." “Round up rather than down when estimating income. The IRS penalizes under-reporting, not overstatement made in good faith,” explained Chad D.

The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections for reporting income and deductions, which help calculate the tax owed or the ...

Those interested in filing an extension for federal taxes can use IRS form 486, though it is recommended to file your extension electronically. The IRS has long been notorious for not keeping on ...

Those interested in filing an extension for federal taxes can use IRS form 486, though it is recommended to file your extension electronically. The IRS has long been notorious for not keeping on ...

The IRS says individual taxpayers can do this through its Free File tool or by filing Form 4868. While these extensions can give you more time to find missing documents or finish filling out ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. IRS Form ...

The Internal Revenue Service issued a memo last month that said victims of certain impersonation and investment schemes might ...

As the end of tax season approaches, the Internal Revenue Service reminds South Carolina taxpayers that IRS Free File is a quick and easy way to file federal tax returns for free. IRS Free File ...

A staggering 25% of Internal Revenue Service employees are taking buyouts and plan to resign, according to two sources with direct knowledge of the matter. The deadline for IRS employees to accept ...

CLEVELAND — The IRS has released its annual "Dirty Dozen" report, highlighting the worst of the worst tax scams. Taxpayers might be targeted with these schemes any time, but the IRS reports that ...