Last month, the agency revised the draft 7217 with the title "Partner's Report of Property Distributed by a Partnership." This is a new form for distributions to partners during tax year 2024. The ...

The IRS recently released a draft version of Form 8825 and its instructions, revealing a few changes to what’s required. One ...

The IRS has published a draft of the 2026 Form W-2, which incorporates above-the-line tax deductions for “qualified tips” and “qualified overtime compensation,” as recently established by the One Big ...

IRS draft guidance updates gambling tax reporting threshold, impacting players while modernizing W-2G requirements for ...

The IRS continues to roll out drafts of some 2026 tax forms, including a draft of Form W-9, Request for Taxpayer Identification Number and Certification. Here’s a look at what’s new—and why it matters ...

On June 21, 2024, the Internal Revenue Service (IRS) released an early draft of revised Form 6765, Credit for Increasing Research Activities. Following the release of the September 2023 draft Form ...

The IRS appears to be on the verge of changing the way digital asset (i.e., cryptocurrency) transactions are reported for federal tax purposes. On April 19, 2024, the IRS issued its first draft of ...

The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.” The United States Internal Revenue Service (IRS) has updated its ...

The Internal Revenue Service has released a draft version of a revised Form 990 informational tax return for nonprofit organizations and has asked charities to comment on its ideas. The draft form ...

IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer tax rules, exclusions, planning tips.

Draft instructions for Form 6765, "Credit for Increasing Research Activities," a.k.a. the research credit, are available for comment. The Internal Revenue Service is seeking feedback on the draft ...

The Internal Revenue Service has released draft versions of revised forms important to charities and has asked nonprofit organizations to comment on its ideas. The draft of a revised Form 990-EZ, ...