The IRS and U.S. Treasury have finalized a controversial new rule requiring DeFi platforms to implement KYC procedures and ...

The Income Tax Department has announced good news for taxpayers who are eligible to claim section 87A tax rebate for FY ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

The IRS is rolling out a new 1099-K reporting rule for third-party payment apps, impacting freelancers and business owners.

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later This form is used by individuals, business, administrators, who wish to withdraw funds from an RRSP to ...

Discover the process of how nonprofits file taxes. Get insights on filing deadlines and consequences of missing them. Stay ...

IRS Form 8949 is crucial in reconciling the information reported on Forms 1099-B or 1099-S with the amounts you report on your return. These subtotals from Form 8949 are then transferred to ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later This form is used to file an objection to a Notice of Assessment or a Notice of Determination issued ...

Internal Revenue Service. "Publication 544, Sales and Other Dispositions of Assets," Page 3. Internal Revenue Service. "Form 8949, Sales and Other Dispositions of Capital Assets," Page 1.

Your farming profit or loss is then transferred to a Form 1040 for computing your total tax liability. Schedule F is to farmers what Schedule C is to other sole proprietors. Schedule F asks about ...