As the 2025 tax season approaches, taxpayers should brace for new developments and potential challenges. While timely refunds ...

Owe the IRS this year? Thankfully you have several options to pay off your tax debt without breaking the bank. Read on to ...

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

An IRS payment plan allows you to pay your tax obligation over time, but most payment plans charge fees, penalties and ...

Failing to report a Form 1099 on your tax return (or at least explain it) triggers an IRS notice asking you to explain or pay up. Thus, if you receive a Form 1099, report it, even if you are ...

The IRS announced plans to issue automatic payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The Recovery Rebate Credit provides up to $1,400 ...

Many Americans are facing financial difficulties due to inflation and the rising cost of living, and for some, the special payments issued by the IRS of up to $1,400 will be of great help.

The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who ...

report the payment as income. But if you have arguments that the lawsuit recovery should not be taxable, the last thing you want is a Form 1099. Some damages are tax-free under Section 104 of the ...