The Latest Breaking News from Tax Return

‘Winter admitted in court today that he knew he was required to report all his income but wilfully lied about it on his tax returns’, stated the DOJ

The Internal Revenue Service hasn’t issued comprehensive guidance on how the estimated 27 million Americans earning income as influencers should report their income and expenses on their tax returns. That’s leaving people who either make a living or supplement their income by endorsing products and services on social media platforms…

Tax refund loans provide fast cash while you wait for the rest of your refund, but tax preparation costs can outweigh the benefits.

For many Americans living abroad, the question of whether they need to file US taxes can be confusing. Unlike most other countries, the United States taxes its citizens based on citizenship rather than residency.

HMRC has cut the interest rate on late payments in response to the Bank of England's recent base rate cut

You can minimize your tax bill and avoid unwanted attention from the IRS by watching out for common errors and oversights.

I have some good news for all the Australians who like to play the lottery. If you are lucky enough to win big in Australia, then you get to keep all of your winnings. There is no tax on lotteries in Australia.

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different 1099 forms used to report income to the IRS.

While it’s tempting to avoid your tax bill, that will make your situation much worse

HMRC also notes that there are additional penalties for paying late—5% of the tax unpaid at 30 days, 6 months, and 12 months.

Thousands of people submitted their tax return with just minutes left to go before the deadline, according to HM Revenue & Customs.