The Internal Revenue Service ended 2024 with new regulations on reporting cryptocurrency transactions, amendments for ...

You can also deduct mileage accrued driving ... subject to the alternative minimum tax (AMT). But what is this tax? According to the IRS, “Under the tax law, certain tax benefits can ...

The U.S. Treasury Department and the IRS have released proposed regulations to update the rules for certain tax professionals ...

Waiting only increases the odds that the IRS, armed with FATCA data and advanced analytics, will zero in on your foreign accounts. At the tax law offices of David W. Klasing, our battle-tested ...

So listen up for the 2024 tax year, you have to report earned income of more than $5000 on *** 1099 K form for 2025 that ... Income Tax Credit, the IRS cannot by law issue the EITC-related refund ...

These earnings were already taxable so this is not a change in tax law, but rather just ... you'll need to file Form 1099-K. According to the IRS, you should receive this form from each third ...

Part of a 1040 U.S. Individual Income Tax Return form is shown July 24 ... to the agency through Democrats’ Inflation Reduction Act, signed into law in August 2022. The IRS said it is expanding its ...