Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...

However, in the 2020 tax year, the IRS introduced Form 1099-NEC, which must now be used to report nonemployee compensation of $600 or more. We’ll explain the differences between Form 1099-MISC and ...

While filing this form is straightforward, errors can occur. Correcting these mistakes promptly is crucial to avoid penalties and ensure IRS compliance. Several common errors can occur when preparing ...

As the April tax deadline approaches for more than 340 million Americans, crypto taxes are once again in the spotlight. But ...

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

Scammers are 'relentless,' according to new IRS alert listing the 'Dirty Dozen' tax scams. Bad social media advice triggers ...

The "advice" calls for taxpayers to claim large income and withholding amounts in order to receive a larger tax refund.

The sooner you finish your taxes, the sooner you'll receive your tax refund, if you have one coming. But even if you do tend to wait until the last moment or plan on filing an October 15 ...