Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

Form 2441 is used for claiming child and dependent care expenses Investopedia / Zoe Hansen IRS Form 2441 calculates the amount of the Child and Dependent Care tax credit an eligible family can claim ...

Schedule C is an IRS tax form that reports profit or loss from a business. Sole proprietors or single-member LLCs typically use the form. Many, or all, of the products featured on this page are from ...

Discover how IRS Publication 557 can guide your organization to secure and maintain tax-exempt status, ensuring compliance with essential IRS regulations.

If you get paid through a third-party app, you may find an IRS Form 1099-K in your mailbox. Previously, only self-employed workers who netted at least $20,000 through Venmo, PayPal, CashApp, Stripe or ...

A 1099 form is a record that an entity or person (not your employer) gave or paid you money. One copy goes to you and another copy goes to the IRS. Many, or all, of the products featured on this page ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

Getting out of debt is probably the most common financial goal people set for themselves. While debt settlement companies can negotiate with your creditors, most don't work with tax debt. Tax relief ...

President Trump’s order to freeze federal civilian hiring includes an extra squeeze at the Internal Revenue Service. Under the order signed Monday, all agencies have hiring frozen for up to 90 days ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

Long-term capital gains tax rates encourage holding assets for over a year to reduce tax liabilities. Short-term capital gains are taxed as ordinary income, potentially increasing tax burden for ...