The IRS released Tax Tip 2024-38, April 25, 2024, to explain to taxpayers how to amend a tax return. If a taxpayer discovers an error after filing their return, the ...

In the United States, paying your taxes is one of the most important tasks a citizen must stay on top of in order to avoid financial ruin. National Tax Day falls on April 15, the deadline for all ...

(RNS) — Earlier this month, the IRS announced it would not seek to remove the tax exemption of houses of worship that endorse political candidates, thereby making an apparent exception to the ...

Millions of people were entitled to exclude up to $10,200 in 2020 unemployment benefits from income. Since the change came after tax season opened, the IRS said it would auto-correct early returns. It ...

IRS Provides Guidance on 403 (b) Plan Remedial Amendment Periods Revenue Procedure 2019-39 sets forth a system of recurring remedial amendment periods for correcting form defects in 403 (b) ...

If you’ve ever needed to amend your taxes, you know that the process takes place the old-fashioned way: by submitting your forms through the mail. But that will finally change later this summer when ...