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, ...

Americans who are looking for the speediest possible refund for the 2024 tax year can get started today with the official opening of tax season. Today (Monday, January 27, 2025) is the first day that ...

You might think self-assessment tax returns are only for the self-employed, landlords and high-net-worth individuals, but more people than ever have had to complete one in recent years. Fiscal drag is ...

The 2024 tax filing season hasn’t officially started yet, but you can get an early start with your tax returns. The agency said taxpayers who have adjusted gross income (AGI) of $84,000 or less in ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

If you're unable to file your 2024 federal income tax return by the standard deadline of April 15, 2025, you risk facing penalties and interest on any unpaid taxes. The traditional penalty for an ...

Taxpayers may need to correct errors on past returns. The IRS offers the amended tax return process to ensure accurate federal tax records for individuals or entities. Even for the most meticulous ...