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 ...

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 ...

Lax review by the IRS opened the way for swindlers to file bogus Forms 941 and bag tax refund checks even after agency managers were informed of the risk from such business fraud, the Treasury ...

The IRS has announced that, as part of its phased implementation of the new tax law, there will be no changes to withholding tables for 2025. The IRS added that there will be no changes to certain ...

IRS Form 5498 is one of the most overlooked but critically important IRA forms. While Form 1099-R usually gets attention during tax time for reporting distributions, Form 5498 plays a ...

TaxZerone offers comprehensive tools and support for accurate and timely 2290 filing. SAN JOSE, CA, UNITED STATES, July 1, 2025 /EINPresswire.com/ -- The IRS e-filing ...

The IRS has sent thousands of crypto warning letters, with a 758% spike in reports over 60 days. Even investors who reported taxes correctly are being flagged due to missing cost basis data. New Form ...

The IRS has proposed a step it believes will streamline the process of applying for a private letter ruling (PLR). And it wants to know what you think about it. The IRS on June 16 announced that it ...

While Notice 2025-33 delays certain penalties, brokers are still on the clock to prepare for Form 1099-DA reporting. These phased relief measures provide flexibility, but full compliance will be ...