Claims and filings that are determined to be frivolous can result in penalties of $5,000 for each copy that claims an ...

TurboTax offers a Free Edition* that allows you to report W-2 and limited 1099-INT/1099-DIV/1099-OID income. You can’t ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

We compare the two highest-rated tax prep apps we've reviewed on price, usability, tax coverage, help resources, and more to help you choose between them.

H&R Block's friendly interface, extensive coverage of tax issues, and ubiquitous help make it a superb choice for both simple and complex tax returns. A state-of-the-art design, exceedingly ...

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

If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.

SanDisk high-capacity microSD cards are on sale for great prices at Amazon. If you're looking to expand your storage space on Steam Deck, Nintendo Switch, or a handheld Windows PC, you have ...

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

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says. By Ann Carrns If you sold personal items like ...

Correcting these mistakes promptly is crucial to avoid penalties and ensure IRS compliance. Several common errors can occur when preparing a 1099-NEC form. Incorrect taxpayer identification numbers ...