Navigating the complexities of tax season can be daunting, especially if you're unable to file your taxes by the April 15 deadline. Fortunately, the IRS offers a solution: a tax filing extension.

Anyone who has run a business of any size understands how confusing and, at times, complex the tax code can seem. So deferred tax assets (DTAs) can be challenging. However, understanding them is ...

Retirees receiving pension payments will also have to pay ordinary income tax. How much you'll owe depends in part on the tax ...

The Illinois Department of Revenue is reminding senior citizens in the state about the availability of the Senior Citizens ...

The Illinois Department of Revenue (IDOR) is reminding senior citizens about the availability of the Senior Citizens Real Estate Tax Deferral Program. The program, which works like a loan, allows ...

(Reuters) -Payments firm Block reported a jump in its fourth-quarter profit on Thursday, buoyed by robust consumer spending during the holiday season and certain one-time benefits.

Several people briefed on the matter said cuts to the IRS cuts numbering in the thousands. One target is tax collections.

IRS employees involved in the 2025 tax season will not be allowed to accept a buyout offer from the Trump administration until May 15th, according to a letter sent Wednesday to all IRS employees.

The deadline for federal workers to accept OPM's buyout offer was on Feb. 6, but terms of resignation are different for IRS workers during tax season.

Here's a look at the deferred money that each team has to pay out this season, if any, along with how much it counts toward the luxury tax threshold. It should be noted that retained dollars ...