CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

The standard deduction for 2025 was raised to $15,750 for single filers, up from the $15,000 previously in place. For married ...

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

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.

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

By taking a few intentional steps in January, you can smooth out your tax burden, reduce errors and make the 2026 filing ...

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 ...

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 ...

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

Where is your federal tax refund? While the IRS began issuing refunds as early as February 18th last year, most taxpayers wait longer, especially if there are processing delays. This may be ...

Each spouse must disclose jointly held foreign accounts and securities in Schedule FA, even if only one spouse reports the income. Proper classification as “Beneficiary” for the non-funding spouse ...

By late December, many tax savings strategies are off the table. But there are still a few simple things that you can do now ...