Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

Form 1099-K reports of payments received for goods or services through payment cards (like credit, debit, or gift cards) and third-party platforms, such as payment apps or online marketplaces.

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.

The good news is that it is not really difficult to report 1099 rental income. Along with the tax return Form 1040, you will generally file IRS Form 1099-MISC, which the IRS uses to keep track of ...