Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...

Other types of income, whether from contract work or investment income, get reported via a 1099 form. These 1099 forms start ...

Taking on a gig job means taking on new tax responsibilities. You might not think you’re in business, but if you’re reselling ...

Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting ...

IRS Forms 1099 are used so the IRS can match Social Security numbers with tax returns to speed IRS collection efforts. But ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

Properly classifying a worker as an independent (outside) contractor may save your business money by avoiding payroll taxes, overtime pay, and employee benefits, such as pension plan ...

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

More than 6,000 IRS employees are set to be laid off with the tax-filing deadline just around ... both electronically and with a paper form 4868 – and require taxpayers to simply provide basic ...

“I think our objective is to make sure that the employees that we pay are being productive and effective. And there are, many, more than 100,000 people working to collect taxes. And not all of ...

The email also also included a list of national tax groups to help connect employees with accounting backgrounds and "tax return preparation experience." The IRS is carrying out some of the ...