The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, ...

The Internal Revenue Service (IRS) has just released the updated Tax Form 1040 Schedule C instructions and printable forms for the 2023 and 2024 tax years. TRAVERSE ...

The 1040 tax form is the form taxpayers use for filing federal taxes. It’s also a form that plenty of people have trouble filling out or understanding. In fact, back in 2018, Form 1040 received an ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. While the IRS Form 1040 for 2021 remains at 38 lines, changes have ...

U.S. homeowners and business owners tend to choose the 1040 tax form to take advantage of all possible tax deductions. Here’s everything you need to know about IRS tax Form 1040, one of the most ...

Tax Day is April 15, and it’s still not too late to gather the documents you need to file your taxes. This includes Form 1040 from the IRS. Read on to learn more about this form and why it’s important ...

On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax return.

The 1040 tax form is the one most people use for filing taxes. It’s not the easiest to understand, though. Form 1040 received an overhaul and revamp in 2018 designed to make it shorter and less ...