You'll just need to plead your case on a tax Form 5329 filed along with your other annual tax documents. This, of course, isn ...

Procrastinating can also cost taxpayers money. Failing to take an RMD by Dec. 31 results in a 25% penalty on the amount that was supposed to be distributed. So if the amount of the late RMD is $1,000, ...

You will have to pay the 6% excise tax for the one year the excess contribution remained in your account, but you won't have to bother with withdrawals. You must fill out and submit Form 5329 with ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 for 2024 should arrive in January, reporting how much you were paid during the calendar year. Each Form 1099 is matched ...

A check from the Internal Revenue Service is set to make the end of the holiday season a little greener for one million taxpayers. About $2.4 billion worth of stimulus checks will be distributed ...

The Republican chair of the House’s tax writing committee called on Congress to quickly extend President-elect Trump’s 2017 ...

The reality of President-elect Donald Trump’s goal for mass deportations of undocumented immigrants is beginning to set in. Stephen Miller, Trump’s pick for deputy chief of staff, expressed ...

According to the IRS, here's how much you have to have made in 2024 to be required to file taxes in 2025 and the general rules for whether you need to file a federal tax return this year.

The Treasury delayed a Jan. 1 deadline to file a new “beneficial ownership information” report to Jan. 13 following a recent ...

The government announced new secretaries, with Arunish Chawla heading the revenue department and Vineet Joshi in charge of higher education. Rachna Shah will oversee the department of personnel ...