Tax season has officially begun and, whether you file your taxes using online software or consult a tax professional, you'll need to get the right forms together first. There are myriad ...

offsetting tax potentially owed on future gains. Form 1099-C documents the cancellation of debt. If your debt was forgiven, your lender will send that documentation to both you and the IRS.

(You can find detailed information about claiming education tax credits in IRS Publication 970. The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form ...

Confused about your 1099-R and 1099? Learn the key differences between these tax forms and how they impact your taxes.

Or . . . maybe not. The most noteworthy new program for free tax-prep, IRS Direct File, came under fire this week from Elon Musk, who tweeted Monday that the service had been “deleted.” ...

Lea Uradu, J.D., is a Maryland state registered tax preparer ... can take many forms, it basically refers to an individual who benefits from a transaction. Although the IRS’s definition of ...

Third party payment apps are required to send you a 1099-K tax form if you made more than $5,000 on the platform in 2024. This reporting change will give the IRS a clearer picture of how much ...

President Donald Trump’s executive order mandating a hiring freeze across the federal government, including at the Internal Revenue Service, has sparked fears that Americans could see their tax ...

The IRS launched its Direct File pilot in 12 U.S. states in March 2024, which has now been expanded to 25 states. It allows taxpayers to submit simple tax returns directly with the government ...

It collects your answers and uses them to fill out the actual IRS tax forms, saving you time and effort. Tax software also performs the math needed to calculate your total income from your salary ...

For starters, SEPs have a more flexible contribution deadline than qualified plans—SEP contributions can be made up until the ...

After hours: February 3 at 5:46:52 PM EST Loading Chart for IRS ...