In 2018, the IRS replaced Forms 1040A and 1040EZ with a redesigned Form 1040. This new Form 1040 included six new numbered schedules in addition to the existing ones like Schedule A. Many people ...

Editor: Greg A. Fairbanks, J.D., LL.M. The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting with tax years beginning in 2024 ...

Investopedia / Xiaojie Liu Form 1099-INT is an Internal Revenue Service (IRS) tax form used to report interest income. Form 1099-INT is issued by all entities that pay interest income to investors ...

An IRS Form 1095 will give you proof of health insurance for your taxes. No, you no longer need to prove you have health insurance on your federal tax returns. This change happened in 2019 when ...

At 116 questions, the FAFSA is almost as long as IRS Form 1040 and substantially longer than Forms 1040EZ and 1040A. Aid for college is intended to increase college attendance by reducing its price ...

The phishing scam contains a fake link that mimics an official IRS website. Clicking on it could lead to malware or a fraudulent form asking for personal or financial information. Be aware that ...

Scammers pretending to be from the Internal Revenue Service (IRS) have been texting taxpayers ... loaded on your device or to "a fraudulent form asking for personal or financial information." ...

You can use your tax software to do it electronically or use IRS Form 8888, Allocation of Refund if you file a paper return. You can split your refund, in any proportion you want, and direct ...

WASHINGTON (AP) — The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation.

Elon Musk and his Department of Government Efficiency (DOGE) ignited another controversy by requesting unprecedented access to the IRS' most sensitive data systems. That data includes Social ...

Taxpayer representatives, such as attorneys and certified public accountants, can access records only if authorized via IRS Form 2848 (Power of Attorney) or IRS Form 8821 (Tax Information ...