Most defendants issue IRS Forms 1099 for legal settlements. The form may be issued to the lawyer, the client, or both. Frequently, both the client and the lawyer receive a Form 1099 for 100%, making ...

Many people will soon be filing their 2024 tax returns by the extended October 15 filing deadline. Before filing, it’s a good idea to double check your IRS Forms 1099. They remind you that you earned ...

Navigating complex IRS reporting requirements is crucial for modern digital commerce. Review the legislative impact on your obligations.

A 1099 is a tax document reporting nonemployment income to the IRS. There are several types of 1099 forms, depending on the income you receive — but all are designed to report payments you received to ...

Tax season is well underway, and that means you should have received one or more income statements from employers or any other entities that paid you income in 2024. IRS rules state that all tax ...

One of the most common notices from the IRS that my clients receive relates to distributions from their Health Savings Accounts (HSA). It is important to properly report these distributions from the ...

So I set up an HSA last year to go along with my high-deductible health insurance from work. I have the HSA at the same credit union where the rest of my banking is done. The account is completely in ...