IRS.com is not affiliated with any government agencies

Topics

Blog

What Form 1099-R Means For Your Retirement: Pensions, IRAs, Retirement or Profit-Sharing Plans

 The R stands for Retirement. The 1099 stands for "Pay your fair share, even if you're retired.' Form 1099-R is an important document that…

Opinion: The Future of Artificial Intelligence Tax Preparation Is (Not Quite) Here

What happens when computer code meets the U.S. tax code? One of the fastest ways to turn the drudgery of tax filing into a mess…

Potential Self-Employed Taxpayer Penalties in 2024

If Americans pay their estimated taxes late, they could be in line for a shocking bill from the IRS this spring. Last October, the IRS…

Reporting your Child’s Capital Gains and Dividends on Your Taxes: Form 8814

Little Timmy's investments actually paid off? Congrats! Here's how to put your kiddo's income on your joint tax return. Are you the custodial parent of…

Tax Refunds Disappointing Many in Early 2024

Due to the increasing volume of returns being processed, the IRS has cautioned taxpayers that the average refund amount will likely change in the coming…

How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars

Uncle Sam wants you to pay your taxes -- but only with US dollars, please. Taxpayers who earn income in a foreign country or financial…

The Only Official IRS Penalty Calculator Is an Accurate Tax Return

A fast tax penalty calculator? It's the IRS, not hockey. You need to accurately calculate your annual tax returns to avoid any potential penalties and…

Want Credit for Saving With Qualified Retirement Plan Contributions? Then Use Form 8880

You know those score multipliers in pinball? Saving for retirement is kinda like that. Are you looking to claim the Retirement Savings Contributions Credit, also…