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Americans of all ages with summer income from self-employment may need to pay estimated tax on a quarterly basis in order to avoid IRS penalties.

Students and other people who earn summer income, including gig economy and other self-employment income, should prepare now for potential federal tax obligations. They may

If you are a U.S Citizen or Green Card Holder living abroad and have not filed your taxes yet, the deadline is coming up on

The IRS offers a variety of tax benefits for businesses that improve accessibility for people with disabilities and/or hire workers with disabilities. Small businesses with

May 29 is National 529 Day, otherwise known as 529 College Savings Day. A college education can be very expensive (to put it lightly) and most

The IRS recently reminded taxpayers of the clean energy tax credits available to small businesses in 2023. These credits include: – SOLAR POWER CREDIT: Small

If the IRS needs to contact a taxpayer, the agency will generally send a letter in the mail rather than emailing or calling. Taxpayers may

When a taxpayer owes more tax than they can pay without extreme hardship, the IRS sometimes accepts an offer-in-compromise (OIC). Under an OIC agreement, the

Filing Extensions and Minimizing Penalties – Did You Know? Taxpayers who request an extension to file their 2022 federal income tax returns may file anytime

The general filing and payment deadline for 2022 federal tax returns is Tuesday, April 18, 2023.   All filers should plan filing and extension arrangements with tax