In the year that a taxpayer dies there may still need to be one or more tax returns that are required to be filed after their ...

The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...

Income Tax: Fewer than 30 days are remaining before the September 15 deadline to file the income tax return (ITR) for FY 2024-25. It is crucial for taxpayers to use the correct income tax return form ...

Form 5498 documents individual retirement account (IRA) contributions, rollovers and distributions. You don’t need to fill it out or send it to the IRS — just keep it for your records. Many, or all, ...

THE FBR’s initiative to roll out the long-promised simplified electronic income tax return form for individual taxpayers must be commended. The final interactive form is said to have been released ...

An IRS offer in compromise enables you to settle tax debt for less than you owe. Eligibility requirements for these offers are specific, and the application process ...

The Internal Revenue Service (IRS) is taking proactive steps to ensure that eligible taxpayers who missed out on the third stimulus payment receive their due funds. In January 2025, the IRS will ...

Benjamin Franklin coined the saying, “In this world, nothing is certain but death and taxes.” But what about when death and taxes coincide, such as when someone dies during the year and has a tax ...

The IRS on Monday issued proposed regulations (REG-108822-25) that would modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or Exchange of Certain Partnership ...

The Internal Revenue Service (IRS) has shut down social media claims that new stimulus checks worth $1,390 are on the way to millions of Americans. The Internal Revenue Service (IRS) has shut down ...

Raking in some rental income this year? Don’t forget about this form when you file your tax return. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.