IRS Forms 1099 arrived around the end of January 2023 for 2022 payments. The IRS likes these forms, which allow computer matching of your Social Security Number against your tax return.

Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...

It’s that time of year again. IRS Forms 1099 remind you that you earned interest, received a consulting fee, or were paid some other kind of income. Most Forms 1099 arrive in late January or ...

Often, these plans require a litany of various U.S. reporting forms, including the FBAR, IRS Form 8938, IRS Form 3520, and IRS Form 3520-A. Which form applies, if at all, is not always clear.

This includes documents like Forms W-2 and 1099. These IRS forms can indicate when there is reportable income but no corresponding taxpayer return. Additionally, the IRS has assigned dozens of ...

The tax treatment of legal settlements and judgments depends on the claims, whether the case settles or goes to judgment, how checks and IRS Forms 1099 are issued and more. The same tax rules ...

Additionally, early estimates indicated the IRS could have received 30 million more 1099-K forms for the upcoming filing season than in the previous tax year. Many would be for people without a ...

U.S. persons who make outbound investments in foreign corporations often have thorny federal reporting obligations, including ...

The IRS no longer uses Forms 1040EZ or 1040A. The Tax Cuts and Jobs Act, signed into law in December 2017, consolidated the 1040, 1040A and 1040EZ into a single and redesigned Form 1040.

To claim multiple business tax credits on your tax return, filers must attach Form 3800, General Business Credit, and the IRS forms for the individual credits. The general business credit is the ...

And, if you are comfortable doing your taxes without guided prompts and have AGI over $79,000, you might consider IRS Free File Fillable Forms. The Fillable Forms system has some limitations ...

You should receive most 1099 forms by the end of January, although the deadline is mid-February for a few. Income reported on a 1099 form is usually taxable, but not always. The IRS also receives ...