The IRS can pursue you personally if the company fails to pay the taxes. The civil penalty is 100% of the taxes not collected, and criminal liability is possible too.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited ...

Learn three key reasons your tax refund could be smaller in 2026, from tax law changes to credits, and what steps you can ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

A TIGTA report found that thousands of IRS new hires during the agency’s 2024 expansion lacked training and equipment, ...

Ohio state lawmakers are exploring new ways of encouraging employers to hire more veterans. House Bill 529, proposed by state ...

Considering BC Tax? Learn about the company's services, pricing, potential risks and when working with a tax relief firm may make sense.

From phishing emails to bogus tax credits, the IRS warns that scammers keep changing tactics. Here’s what you should know about the most common tax scams now.

The tax agency’s CEO criticized his predecessors for staffing up without justification, though he noted he has not conducted workforce analysis either.

Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates.

The Internal Revenue Service has released its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals.

According to a survey from Invoice Home, 37% of American taxpayers said they would consider using artificial intelligence (AI) to file their taxes in 2026 rather than hiring a tax professional. This ...