Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...

As you read this in early February, your clients are receiving their annual 1099-R forms that report distributions taken in 2020 from their IRAs and other retirement accounts. Once they look the forms ...

2020 was an eventful year when it came to IRA required minimum distributions (RMDs), especially for those who took their RMDs before the March 2020 suspension was enacted. Then came rollover relief.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Beginning in 2017 for 2016 payments, the IRS has moved up the ...

Form 1099-PATR has been around for many years without too many significant changes. Starting with 2019 we will start to see some changes, specifically the addition of Box 7 - Qualified Payments. This ...

CAMPBELL, Calif. (KGO) -- For the second straight year, people who never worked for Uber are receiving tax statements from the company, listing their earnings from the ride share service. Here's what ...