Reporting your digital asset income has changed this year. Learn how the new IRS rules will affect your tax filing and why ...

Organizations and individuals that pay you money — whether a company, a financial institution, or a person who hires you as contractor — typically must report how much they paid you to the IRS.

If you had a loved one who died last year, you may be faced with the need to file taxes for an estate or a trust. When a ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Many people will soon be filing their 2024 tax returns by the ...

1099 forms report income received by individuals or businesses that is not from traditional employment, like freelance payments, income from investments, retirement distributions and withdrawals from ...

A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document ...

IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer ...

Schedule K-1 tax forms are issued by MLPs, enabling investors to report their share of income and losses. Late issuance of Schedule K-1 can delay tax filings, sometimes requiring extensions. These ...

Small businesses that are sole proprietorships, partnerships or limited liability corporations are allowed to deduct costs for workers' compensation insurance from their federal and state taxes. The ...