Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.

The good news is that it is not really difficult to report 1099 rental income. Along with the tax return Form 1040, you will generally file IRS Form 1099-MISC, which the IRS uses to keep track of ...

If you look at your 1099-C form, you will see two particularly important sections. The first is box 2, "Amount of debt discharged," and the second is box 3, "Interest, if included in box 2." These ...

A Schedule K-1 is a federal tax form that business partnerships and S corporations use to report a partner's share of the income, losses, capital gains, dividends, and other items.

One of the most significant changes in college athletics has been the ability of college athletes to profit from their name, image, and likeness (NIL). Since NI ...

Bondholders receive IRS Form 1099-INT (or Form 1099-OID) from entities that paid them interest on the bonds in which they invested. Selling bonds may incur capital gains tax for investors.