The 2019 Form 1040 asks taxpayers if they received, sold, sent, exchanged or acquired any financial interest in any "virtual currency" Taxpayers don't have to pay taxes on cryptos transferred to ...

After the 2018 tax overhaul, the Treasury and the IRS released a “postcard” version of the individual income tax return. The agencies are now pitching a new draft of the Form 1040. They have also ...

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 ...

Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a ...

As we try to finish up the 2018 tax return filing season, it might be of some comfort to think that 2019 tax returns will not involve too much new that we did not encounter in 2018. In general, that ...

The Bipartisan Budget Act of 2018 introduced a new tax form for seniors effective for 2019 taxes. Known as the 1040-SR, this form is designed to make filing taxes easier for older Americans. “Form ...

The IRS has released the new-and-improved Form 1040 for your 2018 individual federal income tax return. The good news is the return is now postcard-sized if your tax situation is super-simple. The bad ...

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 ...