Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...

As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign ...

IRS Form 1099-K could be in your future if you sold items via online marketplaces like eBay and Venmo. Here’s what you need ...

Tax filing season kicked off on Monday as the U.S. Internal Revenue Service began accepting completed tax forms. Americans ...

PayPal Holdings Inc. will pay $2 million to settle claims that it mishandled an update to its tax-reporting protocols to ...

Sports betting winnings over $600 may be taxable. Learn how W-2G forms work, what happens if you don’t report, and how to ...

Taxpayers will have until April 15 in most states to file and pay their federal tax returns as the IRS is accepting returns ...

The next ANCHOR benefit has to be funded in the state budget this summer. The last benefit, paid out for the 2021 tax year, ...