Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Written By Written by Contributor, Buy Side E. Napoletano is a contributor ...

As the IRS’s digitization efforts amid tax season continue, a bipartisan pair of senators are pushing for another technological change aimed at easing the processing of returns. The Barcode Automation ...

As Americans prepare to file their 2023 federal tax returns, the Internal Revenue Service is getting ready to take on one of its biggest challenges: Digitizing all of its paper. Even though the vast ...

Taxpayers are now able to file amended returns electronically in more of the Form 1040 series, the IRS announced Thursday in a news release. In addition, the IRS announced it has added a checkbox to ...

The typical U.S. tax refund, which averaged $3,200 in 2022, is often the biggest check a household receives all year. And with inflation still high, some measures show that roughly a third of ...

Paper was once dubbed the "IRS's Kryptonite" by National Taxpayer Advocate Erin Collins in an earlier report to Congress. And the Internal Revenue Service now must find a way to deal with paper ...

Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, ...

The 2025 tax season will have its quirks, gimmicks and gotchas. But right now anyway, many experts say most people should expect to see a timely tax refund. Fingers crossed. Taxpayers will still need ...

The Internal Revenue Service decided to destroy an estimated 30 million paper-filed information return documents in March 2021 because of its inability to process its backlog of paper tax returns, ...

Section 6039 of the Internal Revenue Code (Code) requires a corporation to furnish a written statement to any employee or former employee who either (i) exercised an incentive stock option within the ...