A new tax form targets a specific audience. One of the biggest changes that taxpayers faced last year as a result of tax reform was a new 1040 tax form. The IRS eliminated the popular 1040-EZ and ...

What’s the old saying? If you love something, throw it away and then reintroduce in another tax year? Or something like that? Just as the form 1040 appears to be making a return to a more ...

The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be ...

If you're staring at your 1040 income tax form and feeling lost, you probably aren't alone. The 1040 tax form was overhauled and revamped in 2018, designed to be shorter and hopefully less confusing.

The new Form 1040-SR should allow seniors to file taxes without benefit of an accountant. A published draft of the new form has lines for specific retirement income streams, such as Social Security ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Ready or not, tax return reporting has changed yet again for the 2020 ...

In 2019, taxpayers who engaged in a transaction involving virtual currency will need to file Schedule 1, Additional Income and Adjustments to Income. Schedule 1 of the 2019 1040 Form presents the ...

One of the biggest changes that taxpayers faced last year as a result of tax reform was a new 1040 tax form. The IRS eliminated the popular 1040-EZ and 1040A short forms, requiring everyone to use the ...