On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...

Here's what you need to know about Form 1040: the mother of all tax forms. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ...

The 1040 Schedule C tax form is a required part of life for anyone who is the sole proprietor of a business. Those who spend their lives as salaried workers may never need to think about or use the ...

The average fee for a professional to prepare and submit a 1040 and state return with no itemized deductions is $176, the average fee for an itemized 1040 with Schedule A and a state tax return is ...

The 1040 tax form is the form taxpayers use for filing federal taxes. It’s also a form that plenty of people have trouble filling out or understanding. In fact, back in 2018, Form 1040 received an ...

In the first post in this three-part Under the Hood series, we explored the financial planning opportunities arising from a client’s gross income as listed on IRS Form 1040, lines 7-21. In this ...

About 50 percent of all tax filers pay a pro to prepare and file their tax returns. Even IRS Commissioner John Koskinen is in that boat. He has said he hires an accounting firm and pays a few thousand ...