IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...

It is advisable to consult the official Income Tax website to confirm which form should be used while filling out returns. ITR-1 can be used by resident individuals with an income less than Rs 50 ...

Salaried individuals who file income tax returns annually should take note of key changes introduced by the Income Tax Department in the format of Form 16—the document that outlines salary, tax ...

every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and perquisites. The changes effected in the Form 16 format will ...

Starting in 2025, homeowners must include a Product Identification Number (PIN) from the manufacturer when filing IRS Form 5695. Only existing homes used as a primary residence qualify. New builds and ...

the IRS’s Direct File pilot flat out failed to list certain education tax credits from Form 8863. Hundreds of returns that had been submitted through Direct File would have been eligible for ...

There’s an extra reason to keep your expression of wish forms up to date — that is the decision to include unused defined contribution pensions in your estate for inheritance tax purposes from April ...

That’s where Form 2441 comes in. In this guide, we’ll walk you through what IRS Form 2441 is, who can use it, what counts as a qualifying expense, and how to file it right. By the end ...

A trio of local conservative organizations are joining in a coordinated effort to oppose any proposed property tax hike for Nashville and Davidson County. Americans for Prosperity-Tennessee ...

In an unprecedented break from long-standing IRS practices related to taxpayer privacy, the Treasury Department and the Department of Homeland Security (DHS) signed a memorandum of understanding (MOU) ...

As tax season progresses in the United States, many taxpayers face the process with anticipation to know the dates and amounts of refunds they will receive from the Internal Revenue Service (IRS).