IRS Form 2210 helps taxpayers determine if they owe a penalty, often calculated automatically by most tax software. To avoid penalties, ensure withholdings and estimated taxes meet the required ...

If you're one of the millions of people in the U.S. who sends quarterly estimated income taxes to the IRS, you already know that doing it right requires dedication and organization. In contrast to ...

The IRS guidance finally arrived in a long memo ... My advice would be, on that Form 2210, there's a box where you can check to say, "I request that you waive this penalty for reasonable cause." ...

When it comes to taxes, less isn't always more because if you don't withhold enough from your paycheck, you may end up surprised at how much you owe Uncle Sam at tax time. And the chances that you ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

The IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file their returns for that tax year, the agency said in a news release ...

Form 5329 reports a taxpayer's use of a tax-advantaged savings plan that is subject to an IRS penalty. The form is filled out and submitted by the taxpayer with an annual Form 1040 or Form 1040-SR.

The IRS has said more details can be found in Form 8839 and its instructions. A tax credit is available for eligible previously owned clean vehicles purchased and placed in service after 2022.

If you owe a lot in taxes each year, the IRS notes, you can ask your employer to withhold more tax from your earnings. You'd file a new Form W-4 with your employer. You can use a special line on ...

The phishing scam contains a fake link that mimics an official IRS website. Clicking on it could lead to malware or a fraudulent form asking for personal or financial information. Be aware that ...

Taxpayer representatives, such as attorneys and certified public accountants, can access records only if authorized via IRS Form 2848 (Power of Attorney) or IRS Form 8821 (Tax Information ...