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 is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

Tax professionals who have begun working on their clients' tax returns this year are encountering a slight change in wording at the top of Form 1040 when it comes to declaring whether taxpayers bought ...

The IRS has released a draft of Form 1099-DA, Digital Asset Proceeds From Broker Transaction. The form is the next step in the agency’s efforts to bolster crypto tax reporting and follows proposed ...

A new Form 1040 tailored to taxpayers 65 and older is making its debut today. In mid July, the IRS released a draft form of the inaugural version of the 1040-SR, “U.S. Tax Return for Seniors.” 7 ...

NEW YORK (Reuters) - While this year's taxapalooza is off to a slow start because of the earlier U.S. government shutdown, one thing already is clear: your refund might be a whole lot smaller than you ...