If newly retired American's aren't careful, tax time could be a nightmare that ends in a big tax bill. What to know to avoid ...

Members who receive at least $10 in cooperative patronage dividends, reported on IRS Form 1099-PATR, might also be subject to backup withholding as well. Some taxpayers are exempt from backup ...

Claims and filings that are determined to be frivolous can result in penalties of $5,000 for each copy that claims an ...

Although your employer is responsible for withholding money for federal taxes, you have the ability to influence the amount by using a W-4 form, which is usually near the top of the stack of ...

Learn about withholding tax compliance, W-8 & W-9 forms, and best practices to avoid IRS penalties in this essential session. Withholding tax compliance has become a focus of the IRS audits in ...

The IRS reviews suspicious claims and sends letters to filers asking for additional verification for any claims — including withholdings. Claims deemed fraudulent can result in penalties of $5,000 for ...