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

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 ...

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 ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Unlike Forms W-2, you don’t file Forms 1099 with your return. You ...

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 ...

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 ...