If your business files Form 1098, 1099 or other information returns with the Internal Revenue Service (IRS), a major shift is on the horizon. The ...

Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.

Form 1099-K is an IRS information return used to report certain payments to improve voluntary tax compliance. The requirement to file a Form 1099-K can be triggered when payments are received for ...

Before filing, it’s a good idea to double check your IRS Forms 1099. They remind you that you earned interest, received a consulting fee, or were paid income.

Tax myths can spread quickly, leading to costly mistakes or missed opportunities. Here are several common tax myths along ...

CoinTracker COO says IRS data shows low compliance — but new broker 1099 rules could push awareness close to 100%.

The Trump administration has confirmed that student loan forgiveness under income-driven repayment plans like ICR and PAYE ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Key Points ・The federal tax-free exclusion for most student-loan forgiveness under the American Rescue Plan Act of 2021 ...

While they won’t be charged federal taxes, borrowers in certain states may have to pay state income taxes on the forgiven ...

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions ...