But the good news that you are only adding the Form 7203 to the return and there are no other changes. I would also suggest adding a short letter to the IRS with the return indicating you are only ...

The IRS is announcing in IR-2022-49 that farmers who had issues with filing their income tax return that had an S corporation that required Form 7203 to be filed with the return now have until ...

The phishing scam contains a fake link that mimics an official IRS website. Clicking on it could lead to malware or a fraudulent form asking for personal or financial information. Be aware that ...

According to the IRS, taxpayers are having a difficult time electronically filing Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. Because of this problem, some farmers and ...

But what does the form mean, and why did you receive yours? IRS Form 1099 is informational. This means that taxes may not be due, but you should report the information (however small) anyway.