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

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% ...

TurboTax remains the most feature-rich and user-friendly tax software for 2026, but its higher pricing pushes many filers ...

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

If you got a brokerage 1099 this year, go and check Box 2a yourself. You might be surprised by what you find there.

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.

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 ...

In an effort to attract a large space flight project to Louisiana, state lawmakers are pushing through a package of bills to ...

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.

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