report self-employment income instead of Form 1099-MISC as traditionally had been used. IRS Forms 1099 are critical to the agency’s information return matching program, that makes tax reporting ...

However, your return should reflect income even when you don’t receive a tax form, Young said. “If you earn it, it’s reportable,” she said. “You’re accountable for it.” Other forms can help secure tax ...

The most important of these is the W2—a wage and tax statement from your employers—but there’s also an alphabet soup of 1099 forms to watch out for. Maybe you received Form 1099-DIV?

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

This code included new regulations for "reportable policy sales" of life insurance, and the IRS created two new 1099 forms to document this activity: Form 1099-LS and Form 1099-SB. Companies and ...

The 2025 tax season is almost here, officially kicking off on January 27th! If you have been active in the crypto space, knowing what tax forms to expect ... This form reports your 2024 income ...

Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with IRS.

A step-by-step guide to help you fill out a W-4 Nora Carol Photography / Getty Images You're about to begin that much-needed, new job and your employer hands you an IRS Form W-4 to fill out and ...

The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and what to do if you haven't gotten yours yet. Macy Meyer is a North ...

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ...

Elon Musk, head of the chaos-causing Department of Government Efficiency, made an assertion this week that raised questions in some people’s minds about the status of the IRS Direct File program.