You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

The two discrete periods seem to be left over from the 2024 federal budget announcement that proposed an increase to the capital gains inclusion rate for gains realized on or after June 25, 2024, of ...

Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

Forget the TV sitcom stereotypes of clueless landlords. To make the most of income property requires an accountant’s eye for ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

Also, note that employers are required to send employees their W-2 and 1099 income tax forms by the end of January. When is the deadline for filing a 2024 tax return with the IRS? The official ...

Can I write off HOA fees on a rental property ... HOA fees or special assessments on your taxes, it's important to ensure that you comply with IRS regulations. To deduct HOA fees on a home office, ...

Before filing of his ITR the assessee had decided to opt for the new regime of taxation u/s 115BAC as applicable for assessment year 2022-23 and accordingly had filed Form No.10-IE on 18.07.2022 as ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

First, check your monthly bill to see if the charges are itemized, showing individual fees and taxes charged. The rental tax might be called a sales tax or transaction privilege tax. If the bill ...