Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

On 2/6/24, the IRS released new and updated FAQs regarding Form 1099-K 2023 given that on November 21, 2023 (via Notice 2023-74) the IRS announced that calendar year 2023 would also be a transition ...

The Internal Revenue Service (IRS) has recently announced a pivotal change that will impact the tax filings of millions of ...

The 2023 tax reporting season is upon us! Before filing your taxes, it’s time to gather all the information you need to prepare your return. Here are essential planning insights for some important IRS ...

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...

Every spring, taxpayers across the country rush to pull together the forms, receipts and financial records required to file their taxes before the April 15th deadline. No matter how prepared you think ...

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The fourth-quarter estimated tax deadline for 2024 is Jan. 15, and missing a payment could trigger "unexpected penalties and fees" when filing your return, according to the IRS. Stream NBC 5 for free, ...

If you’re self-employed or earn certain types of income, there’s a good chance you’ll need to pay estimated taxes — and your next payment is due soon. There are four due dates for estimated tax ...

The Internal Revenue Service (IRS) has issued a reminder to taxpayers about payment plans ahead of the upcoming tax deadline. An IRS payment plan is an agreement you make with the agency to pay your ...