U.S. persons who make outbound investments in foreign corporations often have thorny federal reporting obligations, including ...

IRS tax penalties can be very harsh, especially when international tax issues are at stake. Reasonable cause penalty relief may save the day. It is not so easy to get.

Some filers also need estimated payments if they haven’t withheld enough taxes from a full-time or part-time job.

Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and ...

Well-to-do tax cheats, beware! The Internal Revenue Service’s efforts to recover delinquent tax dollars from the wealthy has yielded more than $1.3 billion in unpaid taxes from people with more ...

The Internal Revenue Service ... through Forms W-2 and 1099s—indicating these people received income between $400,000 and $1 million or more than $1 million, but failed to file a tax return.

Joe Starr, a spokesperson for the Federation of Tax Administrators, said the organization has worked with the IRS and the states to “support all free filing options for our nation’s taxpayers, ...

Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.

In the case of a partnership, while not filed with an individual partner’s tax return, the financial information posted to each partner’s K-1 form is sent to the IRS with Form 1065.

The IRS is also targeting about 1,600 millionaires with more than $250,000 in tax debt that they have not paid. Nearly 80% of those taxpayers have now made a payment, resulting in $1.1 billion ...

If the taxpayer does not file IRS form 8606 in a distribution year, income taxes (and possibly penalties) may be due. What would ordinarily be tax-free money is now taxable. Younger investors ...