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.

Learn how crypto is taxed under the latest U.S. rules. Covers trading, staking, DeFi, NFTs, mining, payments, and new IRS reporting requirements.

Starting in 2025, crypto exchanges will report your transactions to the IRS using the new Form 1099-DA, similar to how stock ...

A big change for 2025 is that crypto exchanges will start sending tax forms (like Form 1099-DA) to both you and the IRS, ...

Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth ...

Learn how to resolve IRS tax liens, avoid asset seizure, and understand your options—payment plans, negotiation, and more—for tax debt relief.

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Learn how the Innocent Spouse Rule provides relief from tax errors made by a spouse, eligibility criteria, filing ...

Discover when dental insurance premiums are tax-deductible and understand exclusions. Learn about coverage types and how cosmetic procedures impact deductions.

BACKGROUND In 2020, Congress established the Emergency Capital Investment Program (“ECIP” or the “Program”) to encourage certified community development financial institutions and minority depository ...

Learn how clearance certificates ensure all tax liabilities are settled during business transfers or estate resolution, and discover their usage across various jurisdictions.