Tax season will officially open on January 23, 2023. Now is a good time to start getting organized. The first step for many taxpayers? Finding
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Look Out For Most Tax Forms, Including Your W-2, By February 1
Looking for your tax forms? Keep checking the mail: Employers are supposed to provide employees with Forms W-2 and other wage statements by February 1
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IRS Releases Form 1040 For 2020 Tax Year
The Internal Revenue Service (IRS) has released the very-probably-unless-Congress-does-something-soon final version of Form 1040, U.S. Individual Income Tax Return for 2020 (downloads as a PDF). There are
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Forms W-2 And Some Forms 1099 Due By February 1 In 2021
Employers must file Form W-2 and other wage statements by February 1 in 2021 to avoid penalties. The Protecting Americans from Tax Hikes Act of 2015
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IRS Issues Final 1031 Like-Kind Regs
The Internal Revenue Service (IRS) has issued final regulations relating to section 1031 like-kind exchanges. 1031 Like-Kind Requirements We call them 1031 like-kind exchanges because
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‘New’ Form 1099-NEC Targeted To Freelancers & Gig Workers
Last year, the Internal Revenue Service introduced a draft version of a form that we haven’t seen since 1982: Form 1099-NEC, Nonemployee Compensation. Form 1099-NEC
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For Now, IRS Okays E-Signatures On Tax Forms That Can’t Be Filed Electronically
The Internal Revenue Service (IRS) has announced that it will allow the use of E-signatures on certain tax forms that cannot be filed electronically. This
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What’s New On Form 1040 For 2020
The Internal Revenue Service (IRS) has released a draft of Form 1040, U.S. Individual Income Tax Return. There are several notable changes to the form proposed for
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IRS Green Lights Electronic Filing For Amended Tax Returns
After weeks of waiting, tax professionals and taxpayers finally got the word from the Internal Revenue Service (IRS): amended returns can now be electronically filed. In May,
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Taxes From A To Z 2020: V Is For Voluntary Withholding
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office
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