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

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...

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

Receiving an unexpected tax bill from the IRS can be alarming, especially if you believe it's incorrect. Fortunately, the IRS ...

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 ...

Dividends are a portion of a company’s profits issued to shareholders and are taxable. Learn the dividend tax rate and what ...

Don't miss the deadline! Tax1099, a trusted e-filing platform, is here to make filing fast, secure, and hassle-free with its advanced features.

That means your CD interest is taxed at your ordinary federal income tax rate based on your tax bracket. Tax rates for the ...

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

“And even if you didn’t receive a 1099 for your freelance work, all income is reportable,” Eisenkraft says. “Remember, we pay tax on worldwide income unless ... award or payment for property or ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks, credit unions and other financial institutions, reports interest income ...