Do you earn income that isn’t subject to tax withholding? Small business owners, self-employed people, taxpayers who are part of the gig economy and certain others may be required to make quarterly estimated tax...

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The IRS has issued guidance on certain provisions of the SECURE Act, including the repeal of the maximum age for traditional IRA contributions. The law eliminated the restriction that a taxpayer couldn’t contribute to...

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Although many private employers have announced they won’t be deferring Social Security taxes through the end of the year under a presidential action, federal employees will have the taxes deferred. The National Finance Center,...

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Are you in a centralized partnership? The IRS has announced the launch of a new webpage dedicated to the Bipartisan Budget Act of 2015 (BBA) centralized partnership audit procedures. The BBA procedures replaced the...

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The IRS reminds taxpayers to review their withholding annually. For a step-by-step method of determining the right amount to withhold, they can use the Tax Withholding Estimator, an online IRS tool. Employees who need...

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Less paperwork is required if a business wants to report to the IRS that it’s a victim of identity theft. The IRS has revised a form that must be filed so that it no...

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