The Latest Breaking News from Tax Return

Do you use PayPal? Get a 1099-K if payments exceed the threshold. Report all sales, pay tax only on profits. No 1099-K? You still must report profits.

Don't believe rumors. Get accurate information to navigate hurricane disaster relief.

A federal judge in Texas has sentenced a civilian employee of the U.S. Army to 15 years in prison after she pleaded guilty to five counts each of mail fraud and filing a false tax return. Janet Yamanaka Mello, who worked as a financial program manager at Fort Sam Houston,…

The IRS changed the way tax withholding is calculated in 2020, but you might be surprised by what happened to withholding allowances.

Certain business tax deadlines exist for estimated tax payments, payroll taxes, W-2 forms, information returns, and other returns and tax payments.

Learn about Form 1099-K from Venmo, including reporting requirements, calculating income, and implications for sole proprietors and resellers.

With S corporations, or S-corps, the profits and losses of the business go directly to the shareholders. Learn the special rules of this tax status.

Many of the 2023 tax deductions are larger or more accessible than they were for the 2022 tax year. See how this can save you more money.

There are different types of IRS tax penalty abatement and relief, and they can apply differently depending on the type of penalty you receive.