The Internal Revenue Service (IRS) has released the very-probably-unless-Congress-does-something-soon final version of Form 1040, U.S. Individual Income Tax Return for 2020 (downloads as a PDF ...

Tax Season 2021 has begun. When you dig into your tax return for reporting 2020 income, you’ll notice that Form 1040 has changed yet again.

The IRS really wants to know about your cryptocurrency. For tax year 2020 the IRS moved the cryptocurrency question from Schedule 1 of the Form 1040, where it was in 2019, to the much more ...

Anyone who is eligible to get a stimulus check but did not receive one can claim the Recovery Rebate Credit on their 2020 Form 1040 or Form 1040-SR, according to the IRS.

The 2020 IRS Form 1040 requires taxpayers to answer whether they have received, sold, sent, exchanged, or otherwise acquired a financial interest in cryptocurrency.

Seniors can use Form 1040-SR to file their 2019 federal income tax return, which is due April 15, 2020. All lines and checkboxes on Form 1040-SR mirror the Form 1040, and both forms use all the ...

The question on this year’s Form 1040 should be checked “yes” by most taxpayers as the IRS definition of “virtual currency” is fairly loose.