With the tax season deadline looming on April 15, it's essential to be aware of the latest updates to the IRS Form 1040 and its accompanying schedules. These changes can significantly impact how ...

The IRS has introduced significant changes to Form 1099-K reporting, affecting millions who use payment apps. These changes could lead to higher taxes and potential loss of refunds for many taxpayers.

The IRS provides a list of where to file Form 7004 on its website . What Happens After Filing? Once filed, Form 7004 is automatically approved unless the IRS contacts the filer to deny the extension.

Form 1099 tells the IRS about income keyed to your Social Security Number, so beware. You need Forms 1099 that report dividends and stock proceeds that you might not otherwise know about. But for ...

The IRS extended its transition relief for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024, $2,500 in 2025 before reaching the statutory level of $600 in 2026 and ...

The U.S. Internal Revenue Services (IRS) has previewed what crypto investors' future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be ...