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The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record wages, benefits paid, taxes withheld, and other essential financial information needed for proper tax information reporting.

Who Is Still Eligible For The $1,400 Stimulus Check IRS Payment? With only a few days remaining, those eligible for the $1,400 stimulus check IRS payment must act fast. As I wrote in a previous Forbes post, most eligible individuals have already received ...

Tax season begins this month. And this week, the IRS posted a reminder for those who want to get ready for tax season now. "As the IRS continues its digital transformation, it’s making filing easier for taxpayers by providing new online tools as well as ...

The IRS recently released an updated Form 4255, Certain Credit Recapture, Excessive Payments, and Penalties, which is used to report the amount due for certain credit recaptures, excessive payments, excessive credit transfers and, importantly, Prevailing ...

For U.S. taxpayers who requested an extension to file their federal taxes, staying alert to deadlines is crucial to avoid penalties and potential liens. Every year, individuals can request extra time to file using IRS Form 4868, which grants an extension ...