The final rules also refine how companies calculate their annual buyback base using netting. Netting allows issuers to offset repurchases with qualifying stock issuances in the same tax year. The IRS ...

Claiming large refunds, and doing so by amending returns, increases the chance your filings will be scrutinized.

As the tax filing season gets underway, taxpayers in some states will have a new way to file online available to them in "the coming days," the IRS said this week. Direct File, the free site for ...

Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues widespread cuts to federal spending. Stream NBC 5 for free, 24/7, ...

Since 2022, the IRS has witnessed a concerning surge in refund claims. The most recent of these stems from deceptive social media posts and individuals pretending to be tax experts, luring ...

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS' Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people ...