Tax evasion is a serious offense that can lead to steep fines, audits and jail time. But what is tax evasion exactly? Here's ...

As shown in a recent court order, the IRS continues to take aggressive stances against taxpayers who file late international ...

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

If information is entered incorrectly on the main Form 1120S or Schedule M-1 ... liabilities and equity over two years. For example, if you are completing a 2020 tax return, the Schedule L ...