Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

If you requested an automatic six-month extension to file your federal tax return using Form 4868, your new deadline is Wednesday, October 15, 2025. That extra time can help you organize your ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The law, conceived under the One Big Beautiful Bill Act of 2025, is set to take effect in tax years 2025 to 2028. For now, however, it still is in a draft form, but is making waves throughout ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest ...

The IRS continues to roll out drafts of some 2026 tax forms, including a draft of Form W-9, Request for Taxpayer Identification Number and Certification. Here’s a look at what’s new—and why it matters ...

Here’s how an IRS offer in compromise works, what it takes to qualify and what to know about the program. Many, or all, of the products featured on this page are from our advertising partners who ...