The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

The IRS continues to roll out drafts of some 2026 tax forms, including a draft of Form W-9, Request for Taxpayer ...