Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Incorrect IRS Forms 1099 are a worry, since Forms 1099 generally ...

According to the IRS, this is a required tax form that employers must file with the Social Security Administration (SSA) and provide a copy to each employee. It reports: The employee’s total wages, ...

Accrual, a tax prep and review platform for firms that launched today with $75 million in funding, supports every federal and state tax form, as well as the unstructured data to fill it, according to ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Owners of rental properties, take note: your reporting ...

Corrections & Clarifications: This story has been updated to correct when Colorado taxpayers will have to add the portion of overtime pay that will not be subject to federal income taxes back to their ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application ...

The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals and small taxpayers, part of a broader ...

The threshold for receiving a 1099-K is higher — but that doesn't mean you're off the hook if you don't get one.

PHOENIX — It’s tax season, but there’s a problem: Arizona’s state tax forms have provisions that aren’t in state law. The tax forms include the tax cuts from President Donald Trump’s One Big Beautiful ...