IRS

The regulation mandates that if annual company transactions reach $600, third-party payment platforms must provide Americans and the IRS with a 1099-K.  Payment for an item or service qualifies as a commercial transaction that is subject…

New legislation that would boost the state Child Tax Credit (CTC) has been filed by state lawmakers in New York. The measure under consideration would establish the New York State Working Families Tax Credit and raise the state's CTC…

People who use payment applications like Venmo, PayPal, and Cash App may need to record some transactions totaling more than $600 to the Internal Revenue Service (IRS). Not all payments app transactions exceeding $600 require IRS…

The Internal Revenue Service (IRS) claims that opening an online account on its website enables taxpayers to securely view their personal tax data. Logging in and confirming your name and address will allow you to accomplish this. The…

At least 20 states already offer one-time tax rebates and tax credits to help residents manage the rising cost of living in the face of extraordinarily high inflation and rising interest rates. The United States is seeing its highest…

The IRS issues a warning to those who may be receiving a Form 1099 for the first time. Be cautious and make sure they have all of their important income documentation before completing a tax return, especially early filers who normally…

According to the IRS, All taxpayers have the right to file for extensions as long as they do so before Tax Day, which many people did because they needed more time. Those who received extensions from the IRS were given an additional six…

President Joe Biden's student loan forgiveness program has been blocked by the US Supreme Court, which issued its decision on Thursday. The case's arguments have been set for February of 2019. The court's brief order did not mention any…