The IRS’s extended June 16 deadline gives you a little more time to prepare and file your return, along with any applicable ...

In some instances you have to transcribe all of the information from a balance sheet onto the S corporation tax form. In other instances you do not need to refer to the balance sheet when filing ...

If you receive Social Security benefits, you probably know about the SSA-1099 or SSA-1042S tax form. Each January, the Social ...

IRS letters can be stressful, but they’re usually about common issues. Knowing why you got one and how to respond can help ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later This form is for individuals who want to claim investment tax credits (ITC) for the current year.

Or should only distributions received in Canada be reported on Form T1142? Does Form T1142, Information Return in Respect of Distributions From and Indebtedness to a Non-Resident Trust, have to be ...

What’s in the House Tax Bill? The House Ways and Means Committee advanced its tax portion of President Donald Trump’s ‘big, beautiful bill.’ Here’s what’s in it and what’s holding up ...

In the case of individuals engaged in barter transactions, barter revenue must be accounted for, in dollars, on their IRS Form 1040, Schedule C: Profit or Loss From Business. In some cases ...

Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for e-filing income tax returns in FY 2024-25. These are the myriad changes which the income tax department has ...

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July ...