With less than two weeks until the April 15 deadline, understanding these updates is crucial for accurate and compliant tax ...

A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and online marketplaces (like Etsy and eBay) — and are reported to the IRS each ...

An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...

Most of what you get from an MLP isn’t actually taxable income. It’s classified as return of capital, thanks to heavy depreciation and amortization. That means you’re deferring taxes until you sell, ...