Add Yahoo as a preferred source to see more of our stories on Google. If you're staring at your 1040 income tax form and feeling lost, you probably aren't alone. The 1040 tax form was overhauled and ...

One of the biggest changes that taxpayers faced last year as a result of tax reform was a new 1040 tax form. The IRS eliminated the popular 1040-EZ and 1040A short forms, requiring everyone to use the ...

Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a ...

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, ...

Individual taxpayers will be able to use a postcard-sized form to file their returns for the 2019 tax season, CNBC reported. The form will replace the current 1040, 1040A and 1040 EZ forms, according ...

For the 2019 tax year, your friends at the IRS have introduced the new Form 1040-SR (U.S. Tax Return for Seniors). This exciting development is proof that the feds care deeply about the tax-filing ...

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 7 – October 11, 2019. October 7, 2019: The IRS announced that ...