OMB’s memorandum is a major step forward. It recognizes that modern financial reporting must serve the public interest, not ...

New tax rules introduce "Trump Accounts," raise 1099 thresholds, expand Opportunity Zones, and add new taxes on remittances ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Filing on time ensures compliance and helps avoid costly penalties. ROCK HILL, SC / ACCESS Newswire / March 28, 2025 / The IRS e-filing deadline for Forms 1099, 1098, and 1095 is March 31, 2025.

FIRST ON FOX: Republican lawmakers are mounting a massive effort to repeal the federal inheritance tax, colloquially known as the "death tax." Rep. Randy Feenstra, R-Iowa, is leading more than 170 ...

Businesses will also send a copy of your 1099 forms to the federal tax agency. Your tax return will be compared to what's on file to see if there are any discrepancies, and if the numbers vary ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.

Form 1099-SB is filed after 1099-LS (sale or transfer of a life insurance policy) has occurred. While the latter documents the purchase, 1099-SB documents the cost basis for the life insurance.

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form ...