Kelly Phillips Erb is a Forbes senior writer who covers tax. The Internal Revenue Service (IRS) has released the very-probably-unless-Congress-does-something-soon final version of Form 1040, U.S.
If you haven’t filed your 2020 tax return, are you still dealing with complexities created when RMDs (required minimum distributions) were waived for 2020? RMDs are mandated distributions (withdrawals ...
Courtesy of the newly enacted American Rescue Plan Act of 2021, the IRS needs to make a tiny edit to 2020 tax returns. If you've already filed your taxes this year, (here in 2021, for 2020,) the IRS ...
In 2014 the IRS issued Notice 2014-21 (“Notice”) regarding the application of the Internal Revenue Code to transactions using virtual currency. The IRS advised that virtual currencies which could be ...
This year will undoubtedly be the first time some New Yorkers learn about paying taxes on unemployment benefits. The challenges of the COVID-19 pandemic meant 2020 was the first time some Gen Z ...
In late February, the university will be mailing a tax form called the 1095-C to faculty and staff, who may need this form when filing taxes for 2020. The form documents eligibility and/or enrollment ...
Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. Many retirees and people who took Covid-related retirement plan ...
The first two rounds of Economic Impact Payments (EIPs) were, according to the IRS, “advance payments of the 2020 Recovery Rebate Credit.” If you did not receive your stimulus payments, claim them now ...