The National Taxpayer Advocate recently announced sweeping changes to the IRS' penalty assessment procedures related to ...

Here’s some election news that doesn’t involve politics: the IRS is finalizing a long-awaited official form for the Section 83(b) tax election. Here's why that matters.

This is the first time this has been true for the university since they became a tax-exempt organization in 2007.

The Canada Revenue Agency said this week that it is extending an exemption to the reporting requirements for bare trusts for the 2024 tax year.

After two years of delays, the IRS's third-party payment apps reporting change might impact your 2024 tax return.

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

Paying taxes may remain among the tasks you file under "drudgery" but the IRS.gov website takes some of the pain out of this ...

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 ...

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...

The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of Form 1099, Form W-2, Form 1095-C, Form 1095-B, Form 940, Form 941, and Form W-9. Serving businesses, ...

A tax return is a document showing whether or not you’ve paid the correct amount in taxes throughout the year. Since many of ...

Through the Form 12BAA, the employees are required to use the newly introduced Form 12BAA to inform their employers about the ...