The Internal Revenue Service (IRS) has recently released a new form, 15620, which will significantly impact the way taxpayers ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

On November 7, 2024, the IRS introduced Form 15620, a new standardized form for taxpayers opting to make a Section 83(b) ...

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...

giving affected taxpayers one more year before they may start receiving tax forms triggered by the new lower reporting threshold. Essentially, if you use a third-party payment platform ...