Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. If you received ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Millions of Forms 1099 are sent out every year. Most arrive in ...

Every spring, taxpayers across the country rush to pull together the forms, receipts and financial records required to file their taxes before the April 15th deadline. No matter how prepared you think ...

The deadline to file your 2024-2025 taxes is April 15, 2025. You can track your refund status through the IRS website or the IRS2GO mobile app. If you miss the April 15 deadline, you can file for an ...

Millions of Americans are preparing for a $1,390 stimulus check from the IRS, which is expected to be distributed in mid-summer 2025. This financial relief is part of an initiative intended to assist ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

Tax season is nearly done, which means last-minute filers are just beginning their sprint to submit their income-tax returns. Tuesday is Tax Day, the last day to pay any owed 2024 income taxes. It’s ...