Wondering if you qualify for IRS tax forgiveness? Learn OIC, penalty relief and hardship rules, plus what the IRS looks for.

An IRS installment agreement lets you pay tax debt over time. Learn the types of payment plans, eligibility requirements, ...

Failing to meet tax obligations can lead to mounting costs as penalties accrue, but there are options available.

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 ...

April 15 is close. For many taxpayers, the moment of truth comes when they finish the return and see the balance due. The ...

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 ...

The Internal Revenue Service has published a new Schedule 1-A and updated instructions for claiming the new tax breaks in the One Big Beautiful Bill Act for tips, overtime, car loans, and senior ...

A new court case now allows the IRS to immediately collect $10,000 penalties from U.S. owners of foreign corporations who fail to file Form 5471. For taxpayers with foreign corporations, the IRS just ...

Reports of tax scams and fraud have continued to rise in recent years, stretching systems that were built around older, fragmented reporting tools. The IRS says simplifying how tips are submitted will ...

Forbes contributors publish independent expert analyses and insights. I am a tax controversy lawyer with prior IRS leadership experience. Earlier this month the United States Government Accountability ...