The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

MILWAUKEE, Wis. — The Internal Revenue Service is providing tax relief for southeast Wisconsin residents impacted by severe storms, straight-line winds, flooding, and mudslides that began on August 9, ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

Many Americans are gathering their tax documents with the April 15 federal tax filing deadline fast approaching. Most taxpayers overpay during the year and receive a refund, as roughly 64% of tax ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

WASHINGTON — The Internal Revenue Service announced on Monday, April 14, tax relief for individuals and businesses in Tennessee that were affected by severe storms, straight-line winds, tornadoes and ...

The IRS kicked off its tax season Jan. 27 and has issued statistics through Feb. 21. Both tax professionals and do-it-yourselfers seem to be lagging a bit when it comes to filing early returns. The ...

Form 1099-QA is an IRS tax form filed by states, their agencies, or their instrumentalities. It reports distributions from Achieving a Better Life Experience (ABLE) accounts specifically designed to ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could accidentally ...

Editor: Greg A. Fairbanks, J.D., LL.M. The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting with tax years beginning in 2024 ...

Filing taxes is an annual requirement that affects nearly every working American, yet many find themselves overwhelmed by this routine financial obligation. While W-2 employees face a relatively ...