With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents. The changes will eventually apply to around 170 million letters that are ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Forms 1099 generally saddle you with income you have to report.
Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.
The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...
Taxpayers are owed a lot of money in unclaimed refunds. You have three years from the tax filing deadline to submit a return and claim a refund before losing the opportunity. You can also use the ...
Filing IRS Form 4868 gives you an automatic six-month extension to file your tax return. You can request an extension for free, but you still need to pay taxes owed by Tax Day. Many, or all, of the ...
The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...
You can use the online Taxpayer Assistance Center locator to find an IRS tax office near you. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...