Our goal is to turn off the IRS computers on this matching program to prevent it from sending out TP-2000 notices to potentially millions of taxpayers over 1099-B and Form 8949 matching errors.

Misreporting income shown on Form 1099-B and Schedule K-1 was also identified as a key IRS notice trigger. Form 1099-B details sale proceeds and cost basis information, when available, for ...

The IRS likes these reports (a lot) because they allow easy computer matching of Form 1099 data against tax returns. Yup, don’t report one and you can expect a tax notice.

If this information is left out of your taxes, you could receive a CP2000, Unreported Income notice from the IRS. So it’s important to report on Schedule D and Form 8949 if applicable. 1099-C ...

If this information is left out of your taxes, you could receive a CP2000, Unreported Income notice from the IRS. So it’s important to report on Schedule D and Form 8949 if applicable. 1099-C ...

This creates tax-return confusion and complications, as only the exercise cost (i.e. what you paid for the shares) appears on the 1099-B. To avoid the risk of overpaying taxes, you need to make an ...

The IRS is reportedly working on introducing a brand new tax form called Form 1099-DA for exchanges to capture individual annual cryptocurrency activity subject to taxation.

Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Complete 1099, TIN Matching, B-Notice, FATCA and Nonresident Alien 1042-S Compliance Update" training has been added to ResearchAndMarkets.com's ...