Halfpricesoft.com wants to remind SMBs and CPAs to get ahead of tax season stress with the new 941 e-filing add-feature for the October 31, third quarterdeadline . Another great reason to efile this ...
Since the enactment of H.R. 1, the One Big Beautiful Bill Act, the Internal Revenue Service has announced that it will not be updating 2025 tax forms such as the W-2 and 1099s to reflect OBBBA changes ...
IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...
The Income Tax Department (I-T) on its official website has enabled the ITR-5 and ITR-7 forms for online filing. Both forms are available with prefilled data, the I-T Department has informed on its ...
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 ...
Thousands of dollars in potential tax savings are available — but only through the end of the year. By Rachel Wharton The Inflation Reduction Act made home-renovation history in 2022 by expanding tax ...
The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...
Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more. Quick ...
The Senate's passage of President Donald Trump's sweeping tax reform, the One Big Beautiful Bill Act, marked progress on a key campaign promise by including a provision to eliminate federal income ...
Senate Republicans coalesced to pass President Donald Trump's colossal "big, beautiful bill" early Tuesday morning. Senate Republican leaders and the White House have pitched the legislative behemoth ...
The deadline for filing federal tax returns for tax year 2024 is April 15, 2025. If you haven't filed yet, you might be able to do so for free online through the IRS Free File portal, which offers ...