A recent federal tax law change is prompting some fairs, livestock auctions, and Extension programs to notify 4-H and FFA ...

Filing taxes is a daunting experience for many Americans, whether it's their first time or they've been doing it for decades. The digital age has made it a lot easier to download your tax documents ...

Dawn Allcot is a full-time freelance writer, content marketing specialist and author who writes about finance, real estate, insurance, travel, small business, e-commerce and technology. Her lengthy ...

Learn when and how law firms must file 1099-NEC and 1099-MISC forms for contractors, vendors, and settlement payments. Avoid IRS penalties by collecting W-9s early, keeping accurate records, and ...

Basic, Premium, Investment, Self-Employed – all of which are free for federal tax returns. The basic level offers step-by-step onl ...

Among the many changes included in the One Big Beautiful Bill Act (OBBBA) is one relevant to brands and agencies running sweepstakes, contests, and other consumer promotions. For prizes (such as cash, ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

I may not be the first to tell you, but don’t forget about an additional benefit of the 870-page One Big Beautiful Bill Act passed in July. As prize promotion sponsors and administrators know, an IRS ...

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers. Republicans on the Senate ...