The Internal Revenue Service (IRS) has unveiled a sweeping update to income and transaction reporting requirements set to ...

Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

A variety of 1099 Forms are used to report income to the IRS Fact checked by Vikki Velasquez Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these ...

A 1099 is a tax document reporting nonemployment income to the IRS. There are several types of 1099 forms, depending on the income you receive — but all are designed to report payments you received to ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

There are two main types of workers when it comes to income taxes — 1099 contractors and W-2 employees. While W-2 employees are considered direct employees of a business, 1099 employees typically ...