Plus: Social Security ends paper checks, Live Aid, changes to Forms 1099, filling out Form W-9, national debt costs, filing ...

Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...

A recent IRS ruling shows how a simple titling error led to unintended Roth conversions—and how reviewing Form 5498 could ...

The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...

A temporary restraining order on a 2021 construction labor law was lifted after the Nevada Supreme Court ordered District ...

A temporary restraining order that rendered a 2021 construction labor law unenforceable was lifted last week, following an ...

Plus: Missing precious metals, stolen Treasury checks, staking and cryptocurrency, syndicated conservation easements, SALT deduction, tax trivia, and more.

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. That change ...

Why Documentation Matters More Than Ever Taxpayers receiving 1099-K forms may find themselves confused about how much of that total is truly taxable.