The sweeping Big Beautiful Bill passed this July includes several household-level tax changes that could reshape how many ...

On June 20, 2025, the US District Court for the District of Arizona denied a motion for summary judgment that was filed by Stenson Tamaddon LLC (StenTam). The tax advisory firm argued that IRS Notice ...

Who has to file Schedule E Taxpayers who own rental real estate must file Schedule E to report any income or loss generated from their property. On this tax form, you’ll detail all of the income ...

This means you’ll receive your first Form 1099-DA for 2025 trades, due to you by Jan. 31, 2026, and to the IRS by Feb. 28 (or March 31 if filed electronically).

Once filed, Form 7004 is automatically approved unless the IRS contacts the filer to deny the extension. However, businesses should not assume that approval means they do not need to pay estimated ...

The new tax reporting rule requires platforms like PayPal, Venmo, and CashApp to issue tax form 1099-K for earnings exceeding $5,000, CNET reports. While it’s not a new rule for freelancers, it ...

The IRS extended its transition relief for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024, $2,500 in 2025 before reaching the statutory level of $600 in 2026 and ...

As tax season approaches, seniors and retirees are gearing up to file their taxes, and the IRS Form 1040-SR has been designed to cater to their needs. TRAVERSE CITY, MI, UNITED STATES, October 7 ...