Form 1099 reports freelance payments, income from investments, retirement accounts, Social Security benefits and government payments, withdrawals from 529 college savings plans and health savings ...

Another note: I have had clients reach out confused by the language “You are not required to file Form 1099-INT for interest ...

Anyone who received income from investments, retirement accounts, Social Security benefits, government payments – or those who took withdrawals from 529 college savings plans or health savings ...

CD interest is subject to income tax in the same year it is credited to your account. Once the money is added, Uncle Sam gets ...

When you're opening a new bank account, always check to see if you qualify for any bank account bonuses. New bank account ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...

Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the ...

That makes it possible for IRS collection efforts to be streamlined and automated. Failing to report a Form 1099 on your tax return (or at least to explain it) is likely to get you an IRS notice ...

IRS Form 1099-K gets a lot of attention each tax season. That’s in part because the 1099-K form is used to report certain payments from payment cards and third-party network transactions.

That’s mainly because of changes to a federal tax reporting rule that requires third-party payment networks, including apps and online marketplaces, to send a form 1099-K to millions of online ...

At the end of each year, you should receive a Form 1099-INT or Form 1099-OID from your financial institution, reporting how much interest you made. When you do have to give Uncle Sam his due ...