There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment ...

or the additional child tax credit (ACTC). The extra time allows the IRS to match forms on their end with information reported by taxpayers, all in an effort to prevent fraud. This year ...

Even if canceled or forgiven debt was less than $600, the IRS still requires you to report it on your tax return (under the “other income” line on Form 1040 or 1040-SR). Form 1099-CAP ...

While the IRS issues most tax refunds within 21 days, some returns may require “additional review” and can take longer, according to the agency. Here’s a breakdown of the key tax forms you’ll need to ...

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

Luckily, while the Internal Revenue Service (IRS) might seem intimidating, it offers several options to help taxpayers manage their tax liabilities without facing extreme financial hardship.

Or . . . maybe not. The most noteworthy new program for free tax-prep, IRS Direct File, came under fire this week from Elon Musk, who tweeted Monday that the service had been “deleted.” ...

If a U.S. citizen or resident received a gift or bequest from a foreign person after June 17, 2008, they may be required to file Form 708 and pay the Section 2801 transfer tax to the IRS.

On its website, the IRS wrote that this means those with job offers with a start date after Feb. 8 will be revoked. With the tax filing season recently starting and lasting until April 15 ...