According to a 2024 U.S. Census report, about 6% to 11% of the population is self-employed. If you are among the millions who are — whether you’re a part-time gig worker, a full-time freelancer or a ...

No one likes to pay penalties to the IRS when they fail to follow IRS regulations. In this column I’ll explain some ways to minimize these penalties, and possibly even obtain a complete waiver. If you ...

Have you been dinged with Underpayment of Estimated Tax penalty in the past? Basically, that penalty is the IRS charging you interest for not paying your current tax liability to them in advance of ...

If you're scrambling to file your taxes, you could miss another key due date on April 15: the first-quarter estimated tax deadline for 2025. Typically, quarterly payments apply to income without tax ...

In the U.S., federal income taxes are a pay-as-you-go system. This means the IRS requires you to pay estimated taxes throughout the year—either via withholding from paychecks or by making quarterly ...

Britney Spears is back in a legal standoff-this time with the IRS-over what federal officials say is a more than $600,000 tax ...

KEY TAKEAWAYS Taxpayers can use free tax software programs to estimate how much tax bill for 2025 will be and can try to offset how much they owe by taking advantage of some tax breaks before the year ...

Few of us enjoy paying taxes. But when you’re working, the task is usually pretty straightforward: Taxes are withheld from your paycheck throughout the year, and when it comes time to file your return ...

Freelancers, also known as independent contractors, face unique tax challenges. Unlike traditional employees, they must handle their own tax obligations, including estimated tax payments. The IRS ...

A fraudulent return cannot be fixed by submitting an amended return after the filer commits fraud, which means the best defense to fraud is to avoid it all costs. "The United States has a system of ...