This definition ensures that only those truly “in a position to know” transaction details are subject to Form 1099-DA reporting requirements. These US Internal Revenue Service rules are built ...

While the exact amount is up for debate, the IRS estimates that it loses billions of dollars each year due to taxpayers ...

How does the IRS define a crypto broker? The definition of the term “broker” includes individuals or entities that regularly ...

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.

The rules for calculating the rate are updated ... Just be prepared for extra IRS scrutiny since 1099 workers rarely have a business-only vehicle. Do you have client meetings out of state or ...

If you need an extension for Forms W-2G, 1098, and 1099, file the 8809 form before the deadline. Missing the deadline can result in IRS penalties ... step-by-step instructions and prompts ...

As the 2025 tax season heats up and refund anxiety grows, the Internal Revenue Service is, so far, holding the line.

Form 1099-K reporting, Social Security, unemployment benefits, filing for an extension, borrowing and making distributions ...

As interest in crypto asset builds among wealthy clients, the IRS has changed how must taxpayers report the holdings and has made cryptocurrency transactions subject to third-party reporting—meaning ...

staking rewards or gross payments were not being reported on any 1099.” However, in recent years, the IRS has attempted to clarify and standardize rules that crypto taxpayers must follow.