Businesses that work with independent contractors, landlords, consultants, and other service providers often need to report ...

Quick ReadA single Box 7 code on your 1099-R triggers or waives a 10% early withdrawal penalty, and Code 1 is the default for ...

Quick ReadThe IRS sent 1.6 million CP2000 letters last year, closing 987,460 cases and collecting $5.9 billion in additional ...

A Form 1099-K from selling inherited comic books triggered something few retirees expect: a Medicare premium notice. How the ...

Mariner and WealthCare say advisors are getting fed up with SEC reporting requirements related to new technology.

Debt settlement can cut what you owe, but fees, any tax on the forgiven debt, and credit damage eat into the savings. Find ...

Escalating ICE arrests under the Trump administration's mass deportation policy are hardly happening in a vacuum. Besides the ...

Issuing a Form 1099 to a client can result in the client receiving multiple forms for the same settlement, complicating their tax return and potentially increasing their tax liability. Suppose that ...

A retired nurse sold inherited shares the morning after they hit her account and braced for a steep tax bill at ordinary income rates. What her preparer told her next rewrites everything most people ...

Broadly speaking, some investors prioritize capital appreciation, while others focus on generating recurring income from their investments. Income investors typically deploy their capital into ...

For most small business owners, tax season does not start in April. It’s year-round, and doesn’t begin until the last weeks of December, when the window closes on many of the moves that shape what ...

The IRS has specific rules about when a crypto profit actually becomes taxable, and many holders get it wrong in both ...