Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including ...

The 1040 form is used to report personal income for federal tax purposes. / Credit: Daniel Acker Form 1040 is the standard form for reporting your income, deductions, dependents and other tax details ...

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Vice President of ...

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Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Richard Richtmyer is an senior editor at Buy Side and expert in student ...

Taxes can be complicated. As taxpayers, we find that frustrating. So it would make sense, then, that we would snatch up the easiest tax forms that we can find. Only, that's not always the right choice ...

The new Form 1040 that all tax filers will file this year is a one-page document with just 23 lines. It replaces the old 1040 as well as the Form 1040A and Form 1040EZ, and for most tax filers with ...

The 1040 tax form is the one most people use for filing taxes. It’s not the easiest to understand, though. Form 1040 received an overhaul and revamp in 2018 designed to make it shorter and less ...

Realizing you made a mistake on your tax return? Don’t panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return. Amending your ...