The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting ...

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 ...

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

The IRS provides a comprehensive list of tax credits and deductions on the site that you might qualify to claim. You can access almost all necessary forms along with instructions for how to ...

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 ...

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 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 ...

The Internal Revenue Service (IRS) has announced the release of updated tax forms available for download in printable PDF format. TRAVERSE CITY, MI, UNITED STATES, October 24, 2024 /EINPresswire ...

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.