You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

The two discrete periods seem to be left over from the 2024 federal budget announcement that proposed an increase to the capital gains inclusion rate for gains realized on or after June 25, 2024, of ...

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 ...

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

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

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

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

From federal income tax to Washington state’s property and capital gains taxes, here’s a guide to procedures and deadlines ...

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 ...

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 why did you receive yours? IRS Form 1099 is informational. This means that ...