Here's what you need to know about Form 1040: the mother of all tax forms. Many ... Alimony income or payments. Business income (you may also need to file a Schedule C). Rental income (you ...

The IRS is rolling out a new 1099-K reporting rule for third-party payment apps, impacting freelancers and business owners.

The IRS's short-term payment plan gives taxpayers up to 180 days to settle their debt. It does carry a failure-to-pay penalty of 0.5% a month and interest will accrue on what you owe until the ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...