Receiving a notification from the IRS can be unsettling, especially if you disagree with its contents. Understanding the ...

The Tax Court imposes a $25,000 frivolous-position penalty for persistent omission of wage and rental income. The Tax Court ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying ...

Taxpayers can still receive a stimulus check up to $1,400 depending on how they filed their 2021 tax returns. The Internal Revenue Service announced in December that it would be distributing ...

What Is Form 5329: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts? Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers ...