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 ...

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 ...

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 ...

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 ...

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.

You’ve probably wondered what happens during that mysterious time between when you file your income tax return and when you receive your refund. While you wait, your return goes through several ...

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

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 ...

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.

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 ...

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 ...