Navigating complex IRS reporting requirements is crucial for modern digital commerce. Review the legislative impact on your ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

The IRS’s introduction of a new $600 threshold for Form 1099-K reporting on third-party payment platforms like Venmo, Cash ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

Form 1099-NEC is used to report non-employee income—those for independent contractors and gig workers. The reporting threshold for Form 1099-NEC will increase from $600 to $2,000, effective as of the ...

IRS 1099 reporting is a critical compliance process in the United States, requiring businesses and financial institutions to report various types of non-employee income—such as payments to freelancers ...

The regulatory environment for digital assets will have significant implications for state-level reporting requirements. A notable development is Montana's introduction of the Form 1099-DA mandate, ...