This includes federal income tax returns that the decedent would ... you may have to complete and attach Form 1310 to the final 1040 or 1040-SR. This rule does not apply to surviving spouses ...

Obtaining a new EIN before year-end can be quite difficult with the online application shutdown. Fortunately, there are ...

As part of the Affordable Care Act, known by most as Obamacare, several new taxes were enacted to help fund the program.

Ace the enrolled agent exam with expert practice questions covering tax law, IRS representation, and more. Boost your ...

A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to ...

Unauthorized distributions to a corporation’s shareholders did not terminate an entity’s S status since the shareholders did not authorize or create a second class of stock in the entity’s governing ...

The Internal Revenue Service (IRS) has announced a significant policy change designed to streamline the process for taxpayers ...

A capital loss occurs when you sell a capital asset for less than you bought it. Capital losses can reduce your taxable income. Read on to learn how to put them to use.

Millions of taxpayers could owe the AMT if Congress allows the tax breaks de-fanged in the 2017 Tax Cuts and Jobs Act to ...

In an increasingly interconnected world, cross-border transitions between Canada and the United States have become more ...

State income tax forms should be available in January 2025. FreeTaxUSA will begin accepting e-filed returns on Jan. 8, 2025, but it can’t, of course, actually file them until the IRS officially opens ...

If you've chosen to defer your tax bill, you'll have to report the interest as income on Form 1040 for the 2025 tax year when ...