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
Read MoreCategory: tax forms
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
Read MoreIRS 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
Read MoreForms 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
Read MoreIRS 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
Read More‘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
Read MoreFor 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
Read MoreWhat’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
Read MoreIRS 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,
Read MoreTaxes 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
Read More