January 2, 2016
This IRS Form 1040 is for reporting income received from Jan. 1 to Dec. 31, 2015, which the recipient will file a tax return for in 2016. The form says 2015, because it is for reporting 2015 income.
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Tags: Income Taxes, IRS
Taxes May 9, 2025
The House Ways and Means Committee on Friday night released a partial version of President Donald Trump’s tax proposal that calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.
Taxes May 9, 2025
Even if you filed your tax return for the year, the IRS warned this week that taxpayers should remain on alert for some common scams to avoid losing money and personal data.
Taxes May 9, 2025
The president’s proposal calls for creating a new 39.6% tax bracket for individuals earning at least $2.5 million, or couples making $5 million.
IRS May 9, 2025
Anthony Alford, 46, of Kansas City, who was accused of making a false gun threat that set off an active shooter lockdown at the Kansas City IRS campus last year, has been sentenced to three years in prison.