Small business owners can pay 1Q estimates using the IRS "safe-harbor" basis -- 25% of the total tax liability for the prior ...

The IRS issued new instructions in March clarifying the tip deduction limit for self-employed individuals. Married couples must share a single $25,000 limit on the qualified tip income deduction, not ...

Tens of millions of taxpayers found themselves filing a brand new form called Schedule 1-A so far this tax season to claim some generous new tax breaks on their 2025 federal income tax returns. If you ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

The IRS is seeing an uptick in overstated or fabricated claims tied to undistributed long-term capital gains claims via Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains. The ...

The Internal Revenue Service has published a new Schedule 1-A and updated instructions for claiming the new tax breaks in the One Big Beautiful Bill Act for tips, overtime, car loans, and senior ...

A new tax form related to digital assets is set to change how millions of crypto investors file their taxes and failing to understand it could mean paying more than necessary. Beginning with crypto ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

Incorrect IRS Forms 1099 are a worry, since Forms 1099 generally saddle you with income you have to report. Of course, if you have income, you must report it, whether or not you receive a Form 1099.