If you have an IRA, you’ll receive Form 5498 Fact checked by Vikki Velasquez IRS Form 5498: IRA Contribution Information is a ...

By signing this form, you grant an authorized representative, such as a tax attorney, CPA, or enrolled agent, the ability to manage certain aspects of your tax affairs with the IRS. Since your tax ...

Her expertise is in personal finance and investing, and real estate. Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of ...

Medical expenses are a part of life and can arise at any time. According to the American Medical Association, the average cost of healthcare in 2022 for a person is $13,493. Most people need a ...

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 ...

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 ...

If a person's gift exceeds the annual exclusion limit, they must file Form 709 with the IRS. But that doesn't mean they'll have to pay taxes. “It doesn’t necessarily generate a tax right away ...