The IRS requires taxpayers to report all gambling winnings - include online gambling wins - as income on their tax return, regardless of whether or...

First, the IRS offers several collection alternative options available to help reduce or manage a tax liability. These include: (1) installment...

The IRS may remove or reduce some penalties if the taxpayer could explain and substantiate (i.e., documented evidence) that his or her failure to...

The IRS may reject a tax return for several reasons, such as discrepancies or errors on the information provided. If the initial tax return was...

According to the IRS, a taxpayer may avoid the Underpayment of Estimated Tax by Individual Penalty if: (1) the taxpayer filed a tax return for the...