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 ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

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 ...

Nora Carol Photography / Getty Images Every employee, full-time or part-time, must complete a W-4 form to determine tax withholding from their paychecks. If you're switching jobs and haven't ...

Each January, your mailbox and email is likely filled with tax forms. If you work for an employer, you’ll receive a W-2 reporting your wages. But if you do any self-employed or freelance work ...

Form 12b is an income tax form that needs to be furnished according to Rule 26A by an individual joining a new organisation or company in the middle of the year. The main purpose of the form is to ...

Answer: Reporting your tip income correctly is not difficult. You must do three things: 1. Keep a daily record. 2. Report tips to your employer. 3. Report all tips you receive on your income tax ...

When you receive a Notice 5071C, it means that the IRS has received a federal income tax return filed using your Social ...

This double tax is created because the Form 1040 filing instructions for 2023 require deferred compensation payments reported in box 11 of Form W-2 to be reported on an employee’s Form 1040 as ...

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in ...