Poker winnings are taxable whether or not a Form W-2G arrives. This guide covers IRS reporting, W-2G rules for tournaments, withholding, and the 90 percent loss deduction limit for tax years beginning ...

The new question, included on a draft version of the primary tax form, comes as part of an anti-immigrant turn at an agency that long prioritized tax administration. By Andrew Duehren Reporting from ...

Earlier this year, taxpayers and crypto market participants encountered a long-anticipated shift in federal tax administration: the initial receipt of Internal Revenue Service Form 1099-DA.

Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may ...

'No Tax on Tips' is a deduction, not an exemption. Tips still hit your W-2 and FICA still claims 7.65%. The deduction caps at a statutory dollar limit, phases out above a MAGI threshold, and covers ...

The method for filing Forms 1098, 1099 and other information returns with the Internal Revenue Service (IRS) has gone through a major shift. As we reported in 2025, the IRS has launched its new ...

Form 1099-DA makes digital asset basis tracking and tax reporting more important for investors. Home FORsights Form 1099-DA Changes the Digital Asset Tax Conversation As Form 1099-DA requirements ...

Investors with digital assets like bitcoin and ether often have a difficult time figuring out how much tax they owe on transactions. By one estimate, roughly 32% to 56% of U.S. taxpayers with crypto ...

For brokers that are processors of digital asset payments, the payment of a digital asset by one party to a processor of digital asset payments in return for the payment of that digital asset, cash, ...

If you must report distributions from a variety of retirement plans, investments, and accounts, the IRS has given you a bit of a head start. How? The IRS has issued the 2026 instructions for Forms ...

Financial institutions process thousands of documents daily, including tax forms, loan statements, and purchase orders. Each has a unique format, structure, and field names, making it challenging to ...