Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain payment ...

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 ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...

(You can find detailed information about claiming education tax credits in IRS Publication 970. The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form ...

IRS Form 8880 reports contributions made to qualified retirement savings accounts. This form determines whether you qualify for the retirement saver’s credit and how much money you can claim.

Earlier this month, the IRS released Form 15620, a new standardized form for taxpayers seeking to make elections under ...

Did you have a side hustle or freelance gig this year and get paid through PayPal, Venmo, Cash App or another third-party ...

The Internal Revenue Service (IRS) issued Notice 2024-85 this week, granting transitional relief for third-party settlement ...

The IRS recommends every US taxpayer create an IP PIN to lock down their taxes, but the feature is soon closing for ...

The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.

The fine is the result of the failure of the seller's attorney to pay the required capital gain taxes on the home. According ...