A relatively smooth filing season offered a lot to learn about the future of the IRS, the importance of tax planning, changes ...

Two crypto directors just vanished from the IRS, and it happened because of DOGE run directly under President Donald Trump.

One of the simplest ways to avoid issues with Venmo tax reporting is to categorize your transactions correctly. Venmo offers two key labels: “Goods and Services” and “Send to a Friend.” These labels ...

In general, self-employed people can deduct 100% of their health insurance premiums as adjustments to their gross income, ...

However, it’s important to remember the extension is only to file your tax return, not to pay owed taxes. If you owe taxes, you should pay an estimated amount before the deadline to avoid paying ...

However, companies have until mid-February to send tax forms disclosing other sources of income — including 1099-B and 1099-MISC forms. Many taxpayers now receive these documents electronically ...

Here are the general IRS deadlines: January 31:Send 1099-NEC to contractors and W-2s to employees. March 15: S corporations must file Form 1120-S or request an extension (Form 7004). For fiscal ...

While the IRS has already received a majority of the ... Also look for other 1099 forms from your bank and brokerage for other types of income you received during the year (e.g., interest ...

Your 1099 independent contractor deductions lower the amount you ... Self-employment taxes When filling out your tax form as a self-employed worker, self-employment taxes can be something of a shock.