As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...

Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

Navigating the complexities of tax reporting can be daunting, especially for freelancers and those with side hustles. The ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

but you are still required to report the income on your tax return. The amount from Form 1099-MISC should be entered on Schedule 1, Line Z of your tax return. This form lists your crypto trades ...

Your prior year return will give you a good starting point for figuring out what documents you need to have handy to fill out ...