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

An IRS payment plan allows you to pay your tax obligation over time, but most payment plans charge fees, penalties and ...

The IRS announced plans to issue automatic payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The Recovery Rebate Credit provides up to $1,400 ...

The IRS announced plans to issue automatic payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The Recovery Rebate Credit provides up to $1,400 ...

But as a result of the American Rescue Plan Act ... According to the IRS, you should receive this form from each third-party payment platform you received transactions through.

Failing to report a Form 1099 on your tax return (or at least explain it) triggers an IRS notice asking you to explain or pay up. Thus, if you receive a Form 1099, report it, even if you are ...

The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who ...

Third-party payment services typically send this form to taxpayers (and a copy to the IRS) who cross the threshold for triggering the tax form. Under the old rule, this threshold was earnings of ...