IRS data from the fourth week of the tax filing season—the week ending February 21, 2025—continues to suggest that taxpayers are not excited about filing this tax season. Tax filing statistics are ...

The IRS headquarters in Washington, D.C. The Internal Revenue Service was able to steer through this past tax season despite extensive staffing cuts, but next tax season could be a problem, according ...

Mercury reports on 1099 filing misconceptions for small businesses, clarifying eligibility, requirements, and penalties to ensure compliance during tax season.

If you have a business, you may need to fill out IRS Form W-9 Fact checked by Suzanne Kvilhaug Form W-9 from the Internal Revenue Service (IRS), Taxpayer Identification Number and Certification, is ...

What is the tax year? When filing taxes, understanding the tax season and year is crucial for staying compliant and avoiding penalties. A tax year is the 12-month period in which your income, ...