The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

In the United States, paying your taxes is one of the most important tasks a citizen must stay on top of in order to avoid financial ruin. National Tax Day falls on April 15, the deadline for all ...

If you file your business income tax return on paper, you must collate your federal tax return forms in a specific way for proper processing by the Internal Revenue Service. Your income tax return ...

The IRS released a new draft of its Form 1040, which differs slightly from last year’s version. Form 1040 is the U.S. individual income tax return – and the new draft is a peek into what taxpayers are ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In March 2024, the Internal Revenue Service (IRS) unveiled a revised version ...

According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...

Pay attention. This is one of my posts with an important lesson rather than an entertaining story. The lesson comes from a Tax Court decision - TCM 2018-140. You will find out the taxpayer's name if ...