Tax season

The Internal Revenue Service is asking tax professionals to refrain from directing their clients to call the IRS’s e-help desk, saying that it is causing longer hold times on the phone line, which is only supposed to be used by practitioners.

With minutes counting down to this year's tax deadline, clients (and many of their accountants) are scrambling to get paperwork wrapped up on time. But many financial and tax professionals caution that in the heat of the moment, even the most knowledgeable can forget the basics – never mind easy-to-miss, specialized strategies.

The IRS is giving clients who got a wrong 1095-A limited relief from tax penalties.

Tax professionals share how they handle clients who bother them too much.

President Barack Obama and his wife reported adjusted gross income of $477,383 for 2014, down 0.8 percent from last year, according to their tax returns.

A new report from the U.S. Congress’s Joint Committee on Taxation shows that looking only at income taxes misses most of what we pay to the federal government each year.

Taxpayers are waiting on long lines in front of the Internal Revenue Service’s Taxpayer Assistance Centers for routine services this tax season, as the IRS’s budget crunch even limits the number of printed tax forms the agency can distribute.

The consumer finance site WalletHub has created a ranking of the best and worst states to be a taxpayer.

One out of three small businesses reported spending more than 80 hours per year and more than one-quarter spend over $10,000 annually on complying with their federal tax obligations, according to a new survey by the National Small Business Association.

Tax pros share their clients’ worst ideas about taxes

Frustrated taxpayers are encountering ever longer wait times on phones when seeking assistance from the Internal Revenue Service as tax season draws to a close, according to the head of the union representing IRS employees.

Taxpayers who make cash contributions on or before April 15 to charities providing relief for the families of two slain New York police officers can receive an immediate tax benefit.

Tax preparers share their clients' strangest misconceptions

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

Sometimes what happens in Vegas doesn’t just stay on the Strip—it blows across the Sagebrush State like a wayward tumbleweed. Case in point: Nevada Health Link enrollees have been reporting mistakes on the 1095-A IRS forms to calculate their premium tax credit on the federally supported state-based HIX.

It’s tax time and the IRS is ready to receive your small business information from the past year. Can you guess who else is waiting for you to file?

A tax pro offers this seasonally appropriate missive

As we get into the final stretch of filing season, it is fulfilling the predictions made at the start.

Although Republicans are outlining a proposal to provide an “off ramp” for states and consumers to exit the Affordable Care Act, and the Supreme Court is hearing oral arguments on a legal challenge to the federally-operated health exchange, state exchanges have been up and running.

The consumer finance site Wallethub has ranked the best and worst states across the country where taxpayers can find accountants to help prepare their taxes.