Mistakes are a real possibility when filing tax returns, even for seasoned professionals. If you've hired one of said pros to handle your return this year, you must know how things will shake out if ...

Reasonable cause is a common defense to civil tax penalties. Generally, taxpayers fall within the contours of reasonable cause if they can show that they exercised ordinary business care and ...

Not everyone needs a tax professional, but if you do it pays to get the right one Written By Written by Contributor, Buy Side Tanza Loudenback is a contributor to Buy Side and expert on retirement and ...

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The real estate professional status (REPS) is a tax designation under the U.S. tax code that can provide a sizable financial benefit to someone who is actively involved in the real estate business.

Filing your taxes can feel like a chore, so you might be tempted to outsource the labor to a tax professional. This will save you time and potential headaches, plus having a pro do your taxes can help ...

may feel more empowered this year to do their own taxes with TikTok, Google, ChatGPT and other AI tools to turn to when they have questions. But is that a good idea? Like almost any tax issue, it’s ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Cybercrime and fraudulent activities continue to evolve and ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Those hefty repercussions are a big part of why many people with tax ...

Tax professionals are a solid way to have some peace of mind during tax season, but if a mistake ends up on your tax return anyway, it's important to know what's expected of you. Thomas Kika Former ...