Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, ...

Treasury will end Direct File, an IRS bridge to your bank account.

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 ...

A Section 1031 like-kind exchange is an Internal Revenue Code provision that allows a person to not pay tax on a gain when selling real property to reinvest in real property of equal or greater value.

A fraudulent return cannot be fixed by submitting an amended return after the filer commits fraud, which means the best ...

Tennesseans have until Nov. 3 to file their tax returns due to an extension granted after severe weather. A federal government shutdown has resulted in the furlough of half of all IRS employees and ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...

The Internal Revenue Service on Thursday began asking Oregonians and taxpayers across the country to weigh in on a fight that has been brewing in Washington, D.C.: Whether the federal government ...

If you’re feeling behind or waiting on documents, a tax extension gives you extra time to file — but not to pay. In this guide, you’ll learn how to file a tax extension, which forms you need, key ...

Direct File, the Internal Revenue Service’s long-promised free tax filing software, might be at risk of being killed off by the Trump administration, but the code that made the service possible will ...