Taxpayers meeting eligibility rules can now use Form 907 to preserve their right to challenge ERC disallowances while the IRS ...
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Fixing your rejected TurboTax return fast
A rejected TurboTax return can feel stressful, but most rejections are caused by simple, fixable errors like typos or missing forms. TurboTax provides step-by-step guidance to identify the rejection ...
Late in this year's tax filing season, the Internal Revenue Service acknowledged an issue that could affect how some workers reported income. Certain employees ...
Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...
Millions of taxpayers may be eligible for a tax refund thanks to erroneous penalties assessed by the IRS. The mistake is traced back to the COVID-19 pandemic, which in the U.S. was a federally ...
Millions of Americans could be owed a refund from the IRS as a result of a recent court ruling. Last month, a U.S. Court of Federal Claims decision expanded the interpretation of a specific tax code ...
The IRS is seeing an uptick in overstated or fabricated claims tied to undistributed long-term capital gains claims via Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains. The ...
Beginning with crypto transactions in 2025 (to be filed in the 2026 tax season), crypto brokers in the United States, such as Coinbase (Nasdaq: COIN), are required to issue a new document known as ...
Prefer Newsweek on Google to see more of our trusted coverage when you search. Nearly 18 million e-filed individual tax returns were rejected in fiscal year 2024. Understanding what a rejection means, ...
A new tax form related to digital assets is set to change how millions of crypto investors file their taxes and failing to understand it could mean paying more than necessary. Beginning with crypto ...
Child care is expensive — and if you’re paying for care so you can work or look for work, the IRS does offer a meaningful tax break. IRS Form 2441 is how you claim the Child and Dependent Care Credit, ...
The IRS requires Purdue, as an employer, to report whether an employee and dependents (if applicable) had health coverage in 2025. Therefore, employees receive Form 1095-C, which details whether they ...
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