IRS rules state ... is the W2—a wage and tax statement from your employers—but there’s also an alphabet soup of 1099 forms to watch out for. Maybe you received Form 1099-DIV?

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

So, what are your changes of being audited? Regardless of income, your chances of being audited are pretty slim. Of the ...

If you expect your tax liability to exceed $1,000 for the year, the Internal Revenue Service ... some common tax forms independent contractors can expect to deal with: Form 1040-ES: Use this ...

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.

You can use the IRS’s online Tax Withholding Estimator. Your second option is to use the Multiple Jobs Worksheet that's provided on page 3 of the W-4 form along with detailed instructions.

The IRS has published a private letter ruling on Section 2642 granting an extension of 120 days to allocate the taxpayer’s generation-skipping transfer (GST) exemption to transfers made to a ...

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.

The IRS has faced intense blowback to Direct File from private tax preparation companies that have made billions from ...