The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections ...

When you sell your home, you may owe capital gains tax on the profit from the sale. The IRS calculates this by subtracting ...

You can't escape the IRS — even if you're on vacation in Thailand.

Now that the tax deadline has passed, you may be eagerly awaiting your refund. Many people receive their refunds within three weeks of filing, but some returns can take much longer to process.

How to deal with it: Review any 1099-C forms carefully for accuracy and include the forgiven debt on your tax return (usually on Schedule 1 of Form 1040). If you've had significant debt ...

Schedule D (Form 1040): Summarizes total capital gains and losses from Form 8949; used for calculating taxable income. Schedule 1 (Form 1040): Reports additional income, including staking rewards ...

Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the ...