Tax forms

Simplified 5500 Compliance Reporting Process aims to streamline the reporting requirements for employee benefit plans.

The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability.

The Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified sick and family leave wages they have paid to their employees under the Families First Coronavirus Response Act on Form W-2.

Box 7 on the 1099-MISC is moving to its own form in January 2021, and companies need to be ready.

Top division officials at the agency share updates on their compliance and service priorities.

The Internal Revenue Service told nursing homes and other care facilities Tuesday that they shouldn’t be seizing their residents’ economic impact payments.

How long should tax professionals hold onto the e-file signature authorizations of their clients? It depends on where they and their clients reside.

The Internal Revenue Service posted a set of questions and answers Monday to help companies claim net operating losses and tax credits for prior years so they can get faster tax refunds in the midst of the novel coronavirus pandemic.

The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions.

The Internal Revenue Service is now accepting email and digital signatures on tax documents to make it easier for tax professionals and taxpayers to communicate with the agency during the novel coronavirus pandemic.