A 401(k) plan is a special kind of savings account that’s primarily used to save for retirement. It’s called a 401(k) because that’s the section of the U.S. tax code that talks about it. Employers often offer this plan, and […]
Several lawsuits have been filed against DOGE, and some of these have temporarily stopped its access to data. Elon Musk’s newly formed Department of Government Efficiency (DOGE) is actively seeking access to a critical Internal Revenue Service (IRS) system that […]
Form 4506-T, officially titled “Request for Transcript of Tax Return,” is a critical document for taxpayers in the United States. Managed by the Internal Revenue Service (IRS), this form allows individuals and businesses to request a transcript of their tax […]
The IRS officially started accepting income tax returns on January 27, 2025, signaling the beginning of the tax filing season. Many people dread the process of completing their taxes, but a significant number of Americans look forward to receiving their […]
A tax audit reviews an organization’s or individual’s accounts and financial information to ensure they report information correctly according to tax laws and to verify the accuracy of the reported tax amount. A government agency, most commonly the Internal Revenue […]
President Donald Trump is advancing a bold and potentially divisive proposal among his Republican allies, advocating for the complete elimination of federal income taxes. This radical idea was introduced during a conference address in Doral, Florida, where Trump expressed his […]
When it’s time to pay taxes in the United States, you’ll likely use a form called the 1040. It’s the main form used by individuals to file their income tax returns with the IRS. There are different versions of this […]
There is a notable consensus among Montana’s state lawmakers that action is required to address the escalating residential property taxes, a rare bipartisan sentiment in today’s political climate. However, the specifics of tax reform—what measures will be enacted and how […]
In less than a week, Southern California has witnessed the outbreak of four major wildfires, collectively engulfing over 62 square miles of land, which is approximately three times the size of Manhattan. These wildfires have primarily concentrated around the Eaton […]
Filing taxes is a fundamental civic duty that supports the very structure of society. Although it may often seem like a tedious task, the act of filing taxes plays a crucial role in maintaining public services and infrastructure, fostering economic […]