A new tax-season scam circulating online is encouraging people to falsify wage information on federal tax returns in an ...

or Form 1098. Copies of the 1099 are then sent to both the IRS and the independent contractor; the independent contractor uses Form 1099 to complete their own tax return. The most common reason ...

A New York-based federal appeals court panel on Thursday honed in on whether the IRS has the power to block states from adopting programs to bypass the $10,000 federal limit on state and local tax ...

“We file a return for the kids typically when they start their part-time jobs over the summer or after school,” says Deb Camp, a CPA in Linwood, New Jersey ... with a Form 1040 tax return.

Anyone seeking assistance should bring all necessary tax documents, including social security cards for themselves and dependents, W-2 forms, and 1099 forms, receipts from charitable contributions ...

The IRS requires you to report the canceled debt as income if $600 or more was canceled. Once your debt is settled, your creditor should send you a Form 1099-C, Cancellation of Debt, and report it ...

Marni Rose McFall is a Newsweek reporter based in London, U.K. Her focus is on internet trends, U.S. politics and popular culture. She has covered fashion, culture, art and music extensively.

Those payments shouldn’t generate a tax form and trigger an income tax bill if you mark them as such, but mistakes happen. If you receive a 1099-K that you shouldn’t have, you should contact ...

or employer), it’s a smart idea to revisit the federal tax withholding on your Form W-4. Because the withholding amount on your personal income tax is directly related to your refund — or what you may ...

Small businesses are the backbone of New Jersey’s economy, yet many operate with limited financial resources, making it difficult to sustain a full-time accounting team. As tax laws evolve and ...

Pennsylvania: 53,100 taxpayers, median refund $993. Log into their IRS Individual Online Account to access past wage and income statements. Request missing Forms W-2 or 1099 from employers, banks, or ...