The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

Around 3.4 million New Yorkers may be eligible to use the state's free Direct File program this year as it will cover more ...

The Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Find out ...

Each Form 1099 is matched to your Social Security number, so the IRS can easily issue a tax bill if you fail to report one.

The Internal Revenue Service (IRS) issued notification letters earlier this year to victims of a former IRS contractor, Charles Littlejohn, ...

The IRS said it's distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. People who missed one of the COVID stimulus payments or had ...

You must file your Part XVIII and Part XIX information return electronically by using the CRA Internet file transfer (XML) or Web Forms applications. To find out when these applications are available, ...

As has happened numerous times in recent years, the possibility of a government shutdown is spotlighting several federal agencies, including the IRS, and raising questions about what services ...

ALBUQUERQUE – The New Mexico Department of Workforce Solutions (NMDWS) will mail out all IRS 1099-G forms by January 31, 2025, to individuals who received Unemployment Insurance (UI) benefits in 2024.

2025 promises to be a very big year for tax legislation. Having the White House, House and Senate all in control of the same party increases the likelihood that major tax legislation can be agreed ...

you must report these transactions on your federal income tax return. IRS Form 8949 is crucial in reconciling the information reported on Forms 1099-B or 1099-S with the amounts you report on your ...