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May 29 is National 529 Day, otherwise known as 529 College Savings Day. A college education can be very expensive (to put it lightly) and most

The IRS recently reminded taxpayers of the clean energy tax credits available to small businesses in 2023. These credits include: – SOLAR POWER CREDIT: Small

If the IRS needs to contact a taxpayer, the agency will generally send a letter in the mail rather than emailing or calling. Taxpayers may

When a taxpayer owes more tax than they can pay without extreme hardship, the IRS sometimes accepts an offer-in-compromise (OIC). Under an OIC agreement, the

Filing Extensions and Minimizing Penalties – Did You Know? Taxpayers who request an extension to file their 2022 federal income tax returns may file anytime

The general filing and payment deadline for 2022 federal tax returns is Tuesday, April 18, 2023.   All filers should plan filing and extension arrangements with tax

If you are required to file your taxes, you should still file, even if you cannot pay, as the failure-to-file penalty may be 10 times

The Internal Revenue Service said Tuesday that taxpayers who filed their federal income taxes early this year and reported state tax refunds they received in

The IRS generally requires taxpayers to report both their income from foreign sources and any assets they hold outside the U.S. (such as a foreign

The general filing and payment deadline for 2022 federal tax returns is Tuesday, April 18, 2023. If you live in a region covered by a