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 ...

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 ...

When filing your Income Tax Return (ITR), one of the most common questions taxpayers have is: Which form should I use, and how can I maximize my tax savings? If you have income from house property, ...

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 ...

Income Tax: The last date to file income tax return (ITR) of September 15 is drawing closer. This is the time to hurry through your return filing process but carefully. While filing your income tax ...

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 ...

ISLAMABAD: The Federal Board of Revenue (FBR) has released a simplified electronic income tax return form for individual taxpayers for the tax year 2025. The final form was notified through SRO1561 of ...

The first day of tax season was Monday, January 27th, when the IRS officially started accepting federal tax returns. And whether you plan to file your tax return early or like to wait a while before ...

Stimulus check rumors of a $1,390 direct deposit relief payment or a new $1,400 check amount in August for low and middle income taxpayers to be distributed this summer by the IRS, have been debunked ...