Can I claim the 10% early withdrawal penalty I paid as a penalty deduction?
No you may not claim a penalty deduction. The 10% early withdrawal penalty isn’t deductible.
Are prepaid property taxes deductible? Read on to review what’s changed and what’s to come due to the many changes sparked by the Tax Cuts and Jobs Act.
Get the facts about IRS past due tax returns. Read the IRS definition and get more insight from the experts at H&R Block.
Here are the five things you need to know to respond to the IRS when you get an incorrect CP2000 notice, including how and when to respond.
Learn more about letter 590, why you received it, and how to handle an IRS 590 letter with help from the tax experts at H&R Block.