Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Leading US universities are bracing for deep spending cuts to offset an upcoming increase in the endowment ...

Summary: For the 2025 tax year, U.S. taxpayers must file Form 1040 or Form 1040-SR by April 15, 2026, with an optional automatic six-month extension via Form 4868. Filing requirements vary by age, ...

H&R Block Review 2025: Is This Tax Service Worth It? Your email has been sent H&R Block is a highly recognized tax preparation company in the US. It offers a wide range of tax filing options, ...

Joseph P. Allen is right to criticize the commerce secretary’s proposed 50% tax on patent royalties resulting from federally funded grants and contracts (“Lutnick Wants a Tax That Would Kill ...

Some taxpayers who filed "bare trust" forms to the Canada Revenue Agency last year may have done so needlessly as the federal government examines further changes to the reporting requirements — ...

In a sea of political noise, facts matter. OpenSecrets is the nation’s most trusted, nonpartisan source for following the money in politics — but this work depends on readers like you. Chip in $10 ...

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 ...

Tax audit requirements for AY 2025-26, as explained by Chartered Accountant Abhishek Soni, co-founder of Tax2Win in an ET report, fall under Section 44AB and apply to:- Businesses with turnover above ...

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 ...