When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

Key IRS forms: Form 1099-R, Form 5498, and W-2 remain central to reporting 401(k) withdrawals, rollovers, and contributions accurately. Mega Roth gap: High earners barred from direct Roth IRAs can ...

Key reporting forms: Form 1099-R reports most 401(k) distributions, while Form 5498 confirms IRA rollovers; W-2s show contributions. Penalties and exceptions: Withdrawals before age 59½ may face a 10% ...

The Internal Revenue Service has announced tax relief for individuals and businesses in parts of Southeast Georgia that were ...

Taxing authorities’ use of these new tools and capabilities requires corresponding adoption by tax professionals.

The first tax season for new rules under One Big Beautiful Bill had its challenges. The deadline is April 15 for filing a return or an extension.

Multi-platinum Grammy-winning R&B singer-songwriter-producer Babyface is returning to the Pearl Theater at Palms Casino ...

Millions of workers saw bigger refunds or smaller tax bills after claiming a new overtime deduction. But some ask why so many claimed the tax break.

Many tax-software companies have free tiers, but most only accept federal returns and a limited number of schedules. Through the end of February, TurboTax will process any state and federal returns ...

The IRS has been explicit about its enforcement priorities through public communications and practitioner guidance: large ...

New York Post may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you make a purchase. Nobody really budgets for a financial car crash in April. But ...

The $600 1099-K rule is gone, but your side hustle income is still taxable. Learn who's affected, common mistakes to avoid, and how to file correctly.