The Tax Court imposes a $25,000 frivolous-position penalty for persistent omission of wage and rental income. The Tax Court ...

You should receive most 1099 forms by the end of January, although the deadline is mid-February for a few. Income reported on a 1099 form is usually taxable, but not always. The IRS also receives ...

Failure to meet the IRS e-filing deadline for Forms 1099, 1098, and 1095 can result in substantial penalties: Form 1099 Penalties : Businesses face fines ranging from $60 to $660 per form ...

This press release provides shareholders of Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") with information regarding the sources of the distribution to be paid on March 31, 2025 ...

WASHINGTON— Uber and DoorDash are pressing Republican lawmakers to expand President Trump’s no-tax-on-tips promise beyond ...

This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on March 31, ...

A little confusion over something that's seemingly simple can end up taking a costly toll when not handled properly.

If you do itemize, you'll need IRS Form 1040 and attach Schedule ... qualified retirement distributions and limited 1099 interest and dividends. If you have unemployment income, stock sales ...

Older Michiganders have important tax credits and subtractions they can use this tax season to lower their tax bill or provide a refund, according to the Michigan Department of Treasury. These ...

Your IRA brokerage will send you a Form 1099-R that will show how much money you took out of your IRA. On your 1040 tax return, report the amount on the line labeled IRA Distributions. The taxable ...