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The agency's move is allegedly designed to collect taxes on undeclared income by independent contractors. The IRS has several guidelines for determining employee status, including whether work is done on agency premises, whether they are paid by time worked instead of a flat fee and whether the ...
Even though the IRS does not check all tax refunds, it is a large agency with a wide reach that has a variety of means of catchingtax cheatsand liars. The penalties for avoiding or lying about taxes are severe. If you are unsure about how to complete your taxes, seek a professional ta...
If you used Free File last year to complete your federal taxes, then the 2025 version, which opened today, is mostly déjà vu. The same eight tax software companies are participating. One of them will offer software for Spanish speakers. The main difference this year is that the Internal ...
(Correction: An earlier version of this story incorrectly reported the supplemental withholding rate.) More from Personal Finance: See your new tax withholding ratesHow to get your taxes done for freeMany Americans don't have a plan to pay off their debtsSubscribe...
See how popular e-filing has become and compare it to earlier years - get your taxes done online with ease!eFile, TaxStatistics The latest IRS statistics show the amount of tax returns received and processed, how many tax refunds have been sent, and the dollar amount of those refunds. If...
The system will show you which of its tax-prep partners are a match for you. Some of the affiliated providers will even do state returns for free. The IRS Free File page is currently closed, but it says to check back later this month to prepare and...
Because much of the work done by gig economy workers is on-demand, income can fluctuate. And for some, employers may not automatically be deductingtaxesfrom your earnings. TheIRSencourages gig economy workers to report all of their income on their yearly tax returns. When it comes to taxes...
Almost one-quarter of Americans wait until the last minute to file their taxes. There could be a new, free option in future years. The IRS has been tasked with looking into how to create a government-operated electronic free-file tax return system for all. But that doesn’t sit ...