Q: I just sold my house and moved into a 55-plus community. I paid an entrance fee to the community and now pay rent on my ...

Keep records of those qualified expenses in your tax files. Similarly, you'll receive Form 1099-Q for distributions from 529 plans, but money you used for qualified education expenses aren't taxable.

“The tax benefits of a 529 plan vary by state. Many states offer a tax deduction for contributions made within the year, ...

Q. We don’t need all the cash we get from our Required Minimum Distributions so we ... The institution holding the IRA will issue a 1099-R for the total distributed from the IRA regardless of where ...

New bank account bonuses often come with their own set of terms and conditions, as well as tax implications, as one redditor has learned. Let's take a closer look. Overall, the consensus among ...

Typically, this information gets reported using an IRS tax form called the 1099-K. The Form 1099-K is a reporting form meant specifically for transactions made through third-party network ...

Fortunately, there are plenty of tax-advantaged options available for 1099 workers. As an independent contractor, a team of advisors can make a big difference to your bottom line in retirement.

It allows a tax pro to interface with the IRS on your behalf Skyhobo / Getty Images If you need someone to interface with the Internal Revenue Service (IRS) on your behalf, you'll need to formally ...

The Anker Nebula Mars 3 is a good projector with plenty of features that’s ready to go off-grid with its powerful built-in ...

Settlement agreement wording is important and can help avoid tax trouble. It does not bind the IRS, but helpful tax language in a settlement agreement can resolve audits.

Taxable interest is taxed just like ordinary income. Payors must file Form 1099-INT and send a copy to the recipient by January 31 each year. Interest income must be documented on Schedule B of ...

You'll receive tax form 1099-K if you earned more than $5,000 in untaxed income in 2024 and were paid via a third-party payment app. This rule has been delayed two years in a row, and 2024 serves ...