IRS Form 6251, titled Alternative Minimum Tax—Individuals, determines how much alternative minimum tax (AMT) you could owe. In order for wealthy individuals to pay their fair share of income tax, ...

According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...

If you have debt that is canceled by a lender, you may receive IRS Form 1099-C. Although you are no longer liable to repay the debt, you can’t simply forget about it. The IRS may consider the forgiven ...

With the IRS getting nearly $80 billion in new funding — about $45 billion of which is specifically designated for "enforcement" — you can expect more audits. No one looks forward to an audit, and ...

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you fail to file a required Form 5471, your ...

Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application ...

Businesses that need more time to file certain income tax and other forms can use IRS Form 7004. Depending on the tax form it goes to a specific address. The Internal Revenue Service gives individuals ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers ...

The Internal Revenue Service (IRS) requires businesses to report employment taxes and withholdings through various forms. Two of the most important forms for employers are Form 940 and Form 941.

Form 1040 is the standard form for reporting your income, deductions, dependents and other tax details to the Internal Revenue Service (IRS). It's usually referred to as an Individual Tax Return.