The Treasury Department’s move to end the IRS-run Direct File tool and shift to strengthening partnerships with tax preparation companies drew expected cheers from Republicans and criticism from ...

Intuit is opening 20 brick and mortar TurboTax stores in major cities across the U.S. as well as 200 additional TurboTax ...

Direct File has ended. Americans who used the free tax-filing program will have to find a new option. Here are some alternatives.

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Under the S-Corp classification, an owner-operator must be paid a “reasonable salary” through W-2 payroll and this salary is ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

The Federal Board of Revenue (FBR) has extended the deadline for filing Income Tax Returns for Tax Year 2025. Originally due on September 30, 2025, the deadline had already been pushed to October 15 ...

Millions of Americans could soon see bigger paychecks thanks to the new “no tax on overtime” policy. This unusual tax break focuses on extra hours worked, making waves for its potential to boost ...

The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns until October 31, sources confirmed on Wednesday. This marks the second extension after the original ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Ohio hands out $12 billion a year in tax breaks, mostly to wealthy individuals and big corporations. Yet the state’s economy continues to lag behind the national average, a report released earlier ...