The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

Seventy-one-year-old Middlebury resident Edward Sodlosky waived his right to be indicted and pleaded guilty Wednesday in New ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record wages, benefits paid, taxes withheld, and other essential financial information ...

Summary: For the 2025 tax year, U.S. taxpayers must file Form 1040 or Form 1040-SR by April 15, 2026, with an optional automatic six-month extension via Form 4868. Filing requirements vary by age, ...

Man Filling In The Tax Form 1040 for 2024 Year. Person Calculates of Planning Budgets Yearly Personal Finance and Fills up US Tax Form 1040 For 2024 Year. Signing 1040 Income Tax Return For 2024 Year.

Benjamin Franklin coined the saying, “In this world, nothing is certain but death and taxes.” But what about when death and taxes coincide, such as when someone dies during the year and has a tax ...

Some gifts that a small business owner gives to their employees may be taxable, while others are not. Here’s how to ...

Understanding which IRS tax forms your small business must file and when helps you avoid penalties and stay financially organized. Federal forms differ for sole proprietors, limited liability ...

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 understanding. In fact, back in 2018, Form 1040 received an ...

Taxpayers often make mistakes when filing their taxes, such as inputting incorrect personal information or making math errors. Choosing the wrong filing status or claiming ineligible credits can lead ...

LOWCOUNTRY, S.C. (WCIV) — As 2025 tax deadlines approach, Lowcountry residents are getting their paperwork in order to file their personal and business taxes for the year. Doug Snyder, a Certified ...