When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

Form 1041 is used to report income earned from the grantor's date of death, and Schedule K-1 reports distributions made to beneficiaries of trusts. For 2025, the highest trust tax rate is 37%.

Navigating the complexities of tax reporting can be daunting, especially for freelancers and those with side hustles. The ...

Michael receives a Schedule K-1 that reports $100,000 of ordinary ... these partners should ensure that their tax professionals properly file a Form 8082 with their return. This filing precludes ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

"Always remember that the amount reported on a tax form is not necessarily ... "The place at the top of Schedule 1 to enter incorrect 1099-K information is new," Luscombe said.