The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, ...
On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...
Kelly Phillips Erb is a Forbes senior writer who covers tax. Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving ...
Tax Day is April 15, and it’s still not too late to gather the documents you need to file your taxes. This includes Form 1040 from the IRS. Read on to learn more about this form and why it’s important ...
Missed Tax Day? File as soon as possible to limit penalties. Try our fast, hassle-free tax filing. It's just $50. Missed Tax Day? Try our fast, hassle-free tax filing. It's just $50. Here's what you ...
In the first post in this three-part Under the Hood series, we explored the financial planning opportunities arising from a client’s gross income as listed on IRS Form 1040, lines 7-21. In this ...
The 1040 tax form is the one most people use for filing taxes. It’s not the easiest to understand, though. Form 1040 received an overhaul and revamp in 2018 designed to make it shorter and less ...
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