Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

The 2024 tax filing season hasn’t officially started yet, but you can get an early start with your tax returns. The agency said taxpayers who have adjusted gross income (AGI) of $84,000 or less in ...

Taxpayers may need to correct errors on past returns. The IRS offers the amended tax return process to ensure accurate federal tax records for individuals or entities. Even for the most meticulous ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Richard Richtmyer is an senior editor at Buy Side and expert in student ...

If you're unable to file your 2024 federal income tax return by the standard deadline of April 15, 2025, you risk facing penalties and interest on any unpaid taxes. The traditional penalty for an ...

The IRS started accepting tax returns at the end of January, and now the deadline to submit returns for tax year 2024 is just 64 days away until the Internal Revenue Service stops accepting and ...