TaxSlayer has emerged as a strong platform in the DIY tax prep space. In fact, we named it one of the best tax software programs on the market, since its most inexpensive version supports all tax ...

Trump Accounts promise a simple pitch: a government-blessed way to invest for a child's future, with a $1,000 head start for some newborns and tax-deferred growth along the way. The reality is more ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, starting from the year they vest until they are sold. He added that when ...

Accounting is riding a steady wave of tax prep work and individual and business tax consulting, according to a new survey — but challenges loom in the form of pricing questions (and intense internal ...

Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

Quick Summary ・Keeper helps freelancers and independent contractors with tax-related write-offs. ・Automatically scans your ...

Explore nonpassive income and losses, including their tax implications for active material participants in business ...

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040 ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to get cash for their kids.