If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

As interest in crypto asset builds among wealthy clients, the IRS has changed how must taxpayers report the holdings and has made cryptocurrency transactions subject to third-party reporting—meaning ...

IRS Forms 1099 for lawsuit settlements are common. They are issued to the plaintiff, lawyer or both, often for 100% to each.

Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting ...

The House of Representatives has voted to repeal a Biden-era rule focused on decentralized finance—or DeFi. The bill reverses ...

How to report interest income on your taxes If you earn interest throughout the year from a high-yield savings account, CD, or money-market account totaling more than $10, each financial institution ...

The IRS has distributed over $102.2 billion in refunds so far, marking a 10% increase over the same period in 2024.

And that threshold amount is slated to drop even more, with even more people likely to receive 1099-Ks next year: The $5,000 reporting threshold for tax year 2024 drops to $2,500 for 2025 and then ...

There's no doubt that payment apps like Venmo are a convenient way to send and receive payments, but many don't know that ...

And that threshold amount is slated to drop even more, with even more people likely to receive 1099-Ks next year: The $5,000 reporting threshold for tax year 2024 drops to $2,500 for 2025 and then ...