On 9/1/22, the IRS posted Form 1040 2022 Draft. Form 1040 is the U.S. Individual Income Tax Return and since tax year 2019, Form 1040 has been asking taxpayers about their virtual currency doings on ...

The U.S. Internal Revenue Service may finally be close to more clearly stating how crypto assets should be taxed. In a draft form of the 1040 form for 2021 released on Wednesday, the tax agency has ...

The White House released the 2020 tax returns for both President Joe Biden and Vice President Kamala Harris on Monday, restoring a presidential tradition that had been ignored under former President ...

The AICPA on Thursday released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals. The postponement, announced by the IRS in ...

Editor's note: This story has been updated to clarify that unemployment compensation deduction is made on Schedule 1 of the standard 1040 tax form. COLUMBUS – Ohioans who received unemployment ...

Many Americans faced a dilemma last year when they received $1,200 stimulus payments for their deceased spouses or other family members. They were left wondering what to do with the money and whether ...

About 8 million households still haven’t received their $1,200 checks yet from the first round of payments in April, according to the Treasury Department. Many of them may have also been left out of ...

The Internal Revenue Service (IRS) has issued all of the "legally permitted" stimulus checks it plans to send to eligible taxpayers, the agency announced Tuesday. That means taxpayers who haven't ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Tax Season 2021 has begun. When you dig into your tax return for ...

Aiming to file your taxes soon for a speedy tax refund? Well, this year, you better step back a minute and first ask yourself, "Hey, how much money exactly did I get for that stimulus?" And: "What ...

Still crossing your fingers that a second stimulus payment will show up soon? Unfortunately for those who haven't received money yet, the latest relief rollout will not stretch out like we saw last ...

The IRS added a new question to the top of the 1040 tax form, aimed at identifying people who make money on cryptocurrency transactions. Cryptocurrency, or virtual currency, includes things like ...