Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must ...

And under those rules, REIT investment income is eligible for the 20% QBI deduction. You'll find the Section 199A dividends amount on Line 5 of Form 1099-DIV. Use the Form 1040 instructions to ...

Taxes on Unemployment Benefits: A State-by-State Guide At the start of the new year, you may receive a 1099-NEC tax form ... off expenses and take certain deductions against that income to help ...

While taxpayers can expect Form 1099-Ks from PayPal, Venmo, or Cash App, Zelle won’t be included in that list. “The Zelle platform directly transfers funds from one bank account to another ...

The tax-filing season starts Jan. 27, for both federal and Arizona returns. Are you ready? If so, you will have all supporting documents on hand. Some of these include: Start the day smarter.