An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...

In the U.S., many people file crypto taxes using 1099 forms. This guide covers the various 1099 forms you should know about.

Discover 16 last-minute 1099 tax deductions for independent contractors. From home office to business insurance, these deductions can save you money.

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

Don’t delay filing your tax return even if your 1099-K is incorrect, the IRS said. For example, if the taxpayer ID on your 1099-K is incorrect, enter the amount of the 1099-K on your return as ...

For example, if someone can spend funds deposited ... if you receive checks as part of your documented income (W-2, 1099, etc.) and you meet the requirements to file income taxes, you must include ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

LUGOFF, S.C. — An 18-year-old student at Lugoff-Elgin High School was arrested Tuesday after deputies said a loaded handgun and THC vapes were discovered in his vehicle during a traffic stop on ...

However, instead of using Code 2 in Box 7 of Form 1099-R, the issuer used Code 1, which means that no exception applies. This could lead the IRS to believe the amount reported on Form 1099-R is ...