The taxman is using advanced technology to spot inconsistencies—make sure your return does not stand out for the wrong ...

While filing early can mean a faster refund, experts warn rushing through a return or missing paperwork can lead to costly mistakes.

Even careful filers can make mistakes, but the right tax software helps you catch them before filing. Tax filing mistakes can happen to anyone, even if you have a fairly straightforward return. Some ...

IRA custodians are required to issue IRS Form 5498 by May 31 to report certain IRA activity for the previous year. You might receive a Form 5498 for 2023 if you had reportable deposits for your IRA, ...

Tax experts explained seven red flags that signal you might be making costly crypto tax mistakes, and what to do about them.

Fewer taxpayers are subject to gift taxes thanks to a $12,920,000.00 lifetime gift tax exemption for 2023. Because many taxpayers do not fall under the exemption amount, they do not necessarily have ...

If you don't know the difference between a W-2 and a W-4 or a 1040 and a 1099, you're not alone. Everyone needs to understand how every IRS tax form is used and when to use them. There are many forms ...

For one reason or another, I had several calls last year with attorneys and others regarding IRS Streamlined Filing Compliance Procedure submissions gone wrong. In most cases, it was evident that the ...