Once filed, Form 7004 is automatically approved unless the IRS contacts the filer to deny the extension. However, businesses ...

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

Key Takeaways - What Is a 1040 Tax Form and How Does It Work? The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble filling out or ...

Here's when the last day to file taxes is, what documents you'll need, a quick breakdown on some new forms for the 2024 and 2025 tax season and how to track your tax refund. When is the last day ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

Form 1099-K must be sent to taxpayers by Jan. 31 of the following year. That is, you should have received your 1099-K for 2024 by the end of January 2025. (See the 2025 tax deadlines.) If you sell ...

Nearly half of North Dakota oil wells now qualify for a tax exemption as low-producing wells, contributing to a reduction in ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks ...

If you're a procrastinator like some of us, before you file that return, don't forget about certain write-offs to claim commonly missed credits. 7 On Your Side breaks down some tips to keep in mind.

Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers who owe a penalty related to their use of a tax-advantaged retirement savings plan such as an IRA or 401(k) ...

Simple Form 1040 returns only (no schedules except for earned income tax credit, child tax credit and student loan interest). TurboTax reports that 37% of files qualify for the free edition.

Here are the best tax software picks for 2025. Prices and other details are accurate as of February 25, 2025. Premium: See offer landing page for details. Includes all forms + live chat support ...