Tax Myths—Busted! | H&R Block
When it comes to making everyday tax decisions, we find that there's a gap between what's true and what's rumored. Let's explore four common tax myths.
What are the exceptions to the early withdrawal penalty?
Can you can an exemption for early distribution from a 401k? Knowing the answer can make a big difference. Get tax answers from H&R Block.
Early Withdrawal Penalties For Traditional And Roth IRA
Learn about the early withdrawal penalties and tax rules for both a Traditional and Roth IRA from the tax experts at H&R Block.
If I take a Roth IRA withdrawal early to pay for education expenses, will I be s...
Will you pay a penalty for using Roth IRA withdrawals for education? Explore your options today. Get tax answers from H&R Block.
IRA Rules And Early Distribution Penalty
Learn more about the IRA Tax Rules and if there will be an early distribution penalty from the experts at H&R Block.
I want to use distributions from my Individual Retirement Account (IRA) to pay s...
Do you have to pay a penalty if you cash in an IRA to pay student loans? Learn more about your options. Get tax answers from H&R Block.
We withdrew from an IRA for college expenses. However, the Form 1099-R, Box 7, s...
How do you report an exception if you made an IRA withdrawal for education costs? Learn more and get tax answers at H&R Block.
If I contributed $5,500 to each of my two Roth IRA accounts, will I owe a penalt...
Did you contribute more than the annual limit to one or more of your IRAs? Explore your options for avoiding a penalty. Get tax answers at H&R Block.
If I experienced a job termination, do I need to pay the 10% on my employer reti...
Are you exempt from a withdrawal penalty if you've been terminated from your job? Learn more about this important question and get tax answers at H&R
If I file my federal return one day after the tax deadline, will I have to pay a...
Do you have to pay a penalty if you file your taxes late? Look at fees and exemptions and get tax answers at H&R Block.
What if I didn’t file taxes last year, or forgot to file taxes, should I f...
What happens if you forgot to file taxes? Explore your options to find what's best for your situation. Get tax answers at H&R Block.
If I’m getting money refunded, why would I owe an IRS underpayment penalty...
Learn more about the IRS underpayment tax penalty from the tax experts at H&R Block.
If a business operates without paying taxes, what possible irs business tax pena...
If a business doesn't pay taxes, what will the IRS do? Learn about penalties for businesses and get tax answers at H&R Block.
What are the short sale tax implications — What short sale tax penalties c...
Learn more about short sale tax implications with advice from the tax experts at H&R Block.
I recently received an adjustment letter from the IRS, which explained that an a...
What should you do if you don't agree with an IRS adjustment letter? Find out more and get tax answers at H&R Block.
Who has to pay the AMT?
Who has to pay the AMT, and why? How would it affect your adjustments and deductions? Get tax answers today at H&R Block.
Why would I owe a tax underpayment penalty?
Do you have to pay a tax underpayment penalty? Learn what to do if you underpaid on your taxes. Get tax answers at H&R Block.
Is residential rental property depreciation subject to the AMT depreciation adju...
Is rental property depreciation effected by AMT rates? Explore your options and learn more. Get tax answers from H&R Block.
I received a Form 1099-MISC but didn’t make a quarterly estimated taxes pa...
Did you forget to make an estimated payment on your taxes? Learn whether you may be subject to an underpayment penalty. Get tax answers at H&R Block.
If my only income was a lump-sum early withdrawal of my 401(k) plan and SSDI, do...
Does the early 401k withdrawal penalty apply if it was your only source of income for the year? Learn more and get tax answers at H&R Block.
I was covered by my parents’ health insurance until September 2017, and th...
Learn more about the health insurance penalty and what fees you risk incurring with advice from the tax experts at H&R Block.
If I received a lump sum distribution from my former employer, how can I avoid t...
Is there any way to avoid penalties for a lump sum distribution from your retirement account? Explore your options today.
Individual Shared Responsibility Payment
What is the penalty for no health insurance and the shared responsibility payment? Get tax answers from the experts at H&R Block.
Can I claim the 10% early withdrawal penalty I paid as a penalty deduction?
Can you deduct an early withdrawal penalty from your taxes? Knowing the answer can make a difference. Get tax answers at H&R Block.
Health Care And Obamacare Penalty Exemption
Learn about Shared Responsibility Payment exemptions (Obamacare exemptions) for income tax tips from our expert tax articles at H&R Block.
I needed to take an early distribution from my 401(k), which my 401k plan allows...
Can you receive an exemption if you make an early 401k withdrawal due to hardship? The answer may surprise you. Get tax answers at H&R Block.
Learn more about late filing and payment penalties from the tax experts at H&R Block.
Who Goes to Prison for Tax Evasion?
Jailtime for tax evasion is a scary thought, but very few taxpayers actually go to prison. Learn more about tax evasion penalties with H&R Block.
Fix These Tax Problems Before the New Year…
As the year ends, take steps to prevent tax problems in the new year. Don't let IRS issues get the best of you - learn how to fight them at H&R Block.
Avoiding the Underpayment Penalty for Quarterly Estimated Tax Payments
Paying quarterly estimated tax payments can be confusing and you could be faced with a underpayment penalty. Learn more on how to plan ahead from H&R Block.
Don’t Take Tax Problems into the Coming Year
Tax problems like IRS notices, audits and penalties should be addressed as soon as possible. Learn how to solve these common tax problems with H&R Block.
Haven’t Filed Your Tax Return? How Bad is it?
What happens if you forgot to file your taxes, or if you are filing taxes late? It depends. Learn more with the experts at H&R Block.
How Can you Pay, if you Owe Back Taxes
If you owe back taxes, you may be facing penalties and interest. Learn what to do if you owe taxes and understand payment options with the experts at H&R Block.
Breaking Down the “Marriage Penalty”
What is the marriage penalty? if you and your spouse have similar incomes, your tax rate may be higher than if you remained single. Learn more at H&R Block.
Are You Filing Taxes Late? Follow These Steps for An Extension…
Filing taxes late? Learn what may happen if you file past the deadline, including the IRS late filing penalty, with the experts at H&R Block.
Nanny Tax: Paying Babysitters And Other Household Employees
Do you need to withhold taxes for your household employees? Learn more about the "nanny tax" and whether it applies to you at H&R Block.