In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI ...

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 ...

Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...

You'll need it to report short- and long-term capital gains to the IRS When you sell or exchange capital assets like stocks, bonds, real estate, or artwork, you must report these transactions on your ...

Understanding which IRS tax forms your small business must file and when helps you avoid penalties and stay financially organized. Federal forms differ for sole proprietors, limited liability ...

LOWCOUNTRY, S.C. (WCIV) — As 2025 tax deadlines approach, Lowcountry residents are getting their paperwork in order to file their personal and business taxes for the year. Doug Snyder, a Certified ...

A W-2 form is a crucial document you need when filing your taxes. This form contains all the relevant information about your ...

The Internal Revenue Service (IRS) Form 1040 Schedule C is a crucial document for small business owners and self-employed individuals in the United States. This form is used to report income or loss ...

Quite the contrary, submitting a Form 4868 extension is an automatic procedure, devoid of any necessity for justification. By accurately filing Form 4868, taxpayers are granted a generous extension of ...