IRS
Bernie Sanders’ Tax Plan Incudes Big Tax Hikes For High Income Americans
The figure that is likely to grab your attention is 52 percent. That is the top tax bracket proposed by Sanders, a plateau that hasn’t been reached since a watershed 70 percent rate was scaled back in the 1980s. The top tax bracket peaked at 91 percent...
Countdown to Tax Season: IRS to Start Processing Returns on Jan. 19
The Internal Revenue Service will open the nation’s 2016 individual income tax filing season on Jan. 19, with more than 150 million tax returns expected to be filed this year. People will have several extra days to file their tax returns this year. Taxpayers have until Monday, April 18, to file their 2015 tax returns […]
Bloomberg BNA Announces Support of PATH Act
Bloomberg BNA's popular BNA Income Tax Planner (version 2015.3) software has been updated to support the recently approved Protecting Americans from Tax Hikes (PATH) Act of 2015. This Act extends or makes permanent the individual tax breaks that have ...
How To Receive a Tax Transcript From the IRS
Though taxpayers should always keep a copy of their tax return for their records, some may need the information from filed tax returns for many reasons. This includes college financial aid applicants or taxpayers who have applied for a loan to buy a ...
New Law Preserves Section 179 Tax Breaks
For many small business owners, those long and annoying depreciation schedules will soon become a distant memory. Under the Protecting Americans from Tax Hikes Act (PATH) of 2015, the maximum Section 179 deduction of $500,000 is restored retroactively...
Printable IRS Form 1040-EZ (For Taxes To Be Filed in 2016)
This IRS Form 1040-EZ 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 income earned in 2015.
Printable 2016 IRS Tax Form 1040
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.
New Study Pokes Holes in Trump’s Tax Plan
Calls for federal income tax cuts are a time-honored tradition by presidential candidates of all stripes, but the Tax Policy Center study says that Trump’s plan dwarfs the proposals made by other GOP contenders.