While the current Income Tax Act, in its latest form is 823 pages long, the proposed draft Bill is 622 pages. The press release added the new Bill achieved this simplicity by eliminating intricate ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

Some wonder whether Elon Musk and other private citizens should have access to confidential taxpayer information.

With the 2025 tax season underway, the IRS' Free File could be just what you need to get your taxes done early and for $0.

An IRS offer in compromise can help you settle tax debt for less than you owe, but it's difficult to qualify for.

Elon Musk’s U.S. DOGE Service is seeking access to a heavily guarded Internal Revenue Service system that includes detailed financial information about every taxpayer, business and nonprofit in ...

If granted, DOGE would have personal financial details on millions of Americans. Elon Musk's Department of Government Efficiency is pushing for access to an Internal Revenue Service system that ...

Clint and Lebra Johnson were stunned when they received a 1099-K tax form in the mail that showed Clint collected $9,306.57 through 427 transactions, all in November. The ...

Investopedia / Xiaojie Liu Form 1099-INT is an Internal Revenue Service (IRS) tax form used to report interest income. Form 1099-INT is issued by all entities that pay interest income to investors ...

Sen. Ron Wyden (D-Ore.) said Thursday that Department of Government Efficiency (DOGE) staffers are now examining the Internal Revenue Service (IRS), warning against access to U.S. taxpayer data.

The IRS has a criminal investigation division of 3,000 people that serves as the agency's law enforcement arm and includes about 2,100 special agents who investigate financial crimes like tax ...

If you received tax-exempt interest, you should get a Form 1099-INT or a Form 1099-OID. You can find your tax-exempt stated interest in box 8 of Form 1099-INT. For a tax-exempt Original Issue ...