After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes.

A: Some lawyers recommend that you use your Social Security number for a revocable trust, while other lawyers suggest that ...

It's officially tax season, and while you technically have until April 15 to file your tax returns, the time is now to hone your strategy. Will you DIY your return or go to a tax professional? Or, ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

Direct File won’t be available anymore to do your taxes next year. Here’s what that means once the tax filing season opens in ...

States are rejecting some of the mega tax package's most popular individual tax provisions to boost their finances. What it ...

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., issued a sharply critical statement Thursday regarding a report ...

Q. My small tax practice has grown in recent years to the point where I am now swimming in tax return-related paperwork, and I need better organization. I use CCH’s ProSystem fx for tax preparation, ...