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 26, 2026
Gov. Mike Kehoe announced Friday that the measure would appear on the statewide ballot in the Aug. 4 election after promoting the proposal since January.
Taxes May 22, 2026
The money is certainly life-changing, but the winner will have to fork over a significant portion of the $2 million to the government.
Taxes May 21, 2026
A higher SALT cap, no tax on tips and overtime, and a new $6,000 senior deduction reshape 2026 planning.
Taxes May 21, 2026
Speaking with CNBC’s Andrew Ross Sorkin on “Squawk Box,” Jeff Bezos said the top 1% of taxpayers pay about 40% of all tax revenue while the bottom half pay 3%.