Taxes

The latest extension—approved as part of the Consolidated Appropriations Act (CAA)—continues the WOTC for a five-year period.

The company said it reached the settlement for the tax years of 2007 through 2016 without any penalties.

Generally, the income is taxable in the year that the forgiveness or cancellation occurs. The creditor will

With this tried-and-true tax planning technique, you can defer the tax over several years, usually reducing the overall tax bite.

The Tax Planning and Advisory Proposal templates which integrate into Intuit ProConnect Group’s latest product, Intuit Tax Advisor.

It cost a pretty penny to send your kids to school, but at least the tax law affords some measure of tax relief. Here’s a roundup of five key tax breaks for higher education.

The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down the data, the Treasury Department said.

Loan forgiveness plan will absolve hundreds of thousands of Kentuckians of their student debt.