The Danish Tax Agency will begin targeting unrealistically low private consumption of major shareholders in Denmark’s small- and medium-sized enterprises as a potential sign of tax evasion.

Self-employed business owners must pay enormous sums and take on a great deal of financial risk in order to differentiate ...

Iowa adopted the federal changes, including deductions on overtime pay, while Illinois opted out of the bill’s provisions. Workers who receive qualified tips can deduct a maximum of $25,000, according ...

Washington lawmakers have now introduced the long-awaited income tax on millionaires, and the legislation includes a critical ...

Small business job growth and wage growth last month largely followed the same pattern as late last year, payroll company ...

Self-employed individuals have their own unique opportunities at tax time. Here are some of the most generous tax deductions available to the self-employed.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

TurboTax 's free edition lets you report W-2 income, the Child Tax Credit, the Earned Income Tax Credit, deductions for student loan interest and some interest and dividends. According to TurboTax, ...

Learn how comprehensive tax allocation reconciles tax and financial reporting, uncovering discrepancies in income, expenses, ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

Read about IRS Publication 334, a vital tax guide for sole proprietors and statutory employees, offering essential tips on deductions, credits, and filing Schedule C.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...