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

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

The IRS wants to get the message out that they’re enforcing it,” said Bryan Skarlatos, a criminal tax lawyer with the Kostelanetz law firm in New York. The threshold was supposed to be dropped to $600 ...

“Other Income,” on Schedule 1 (1040). What Is a 1099-NEC Tax Form Used for? A 1099-NEC tax form is an IRS form to be filled out by businesses in order to report nonemployee compensation (NEC ...