AP Photo/Jon Elswick According to the IRS, most business entities that file Forms 1065, 1120, 1120S, 1041, 990-T, and certain other information returns can use this extension request.

Enter here and on Form 1040 or 1040-SR, line 23, or Form 1040-NR, line 23b." If you downloaded or printed the 2024 Schedule 2 before December 31, 2024, it's important to note this correction to ...

A business’s entity structure plays an important role in how it is taxed—the right choice can help minimize your liability.

The new tax reporting rule requires platforms like PayPal, Venmo, and CashApp to issue tax form 1099-K for earnings exceeding $5,000, CNET reports. While it’s not a new rule for freelancers, it ...

Most IRS tax audits come in the form of letters asking for explanations or supporting documentation of certain items on your return. So, if you receive a tax audit letter, do not ignore it.