Fixing the tax code’s complexity won’t happen overnight, but it can start with eliminating obsolete rules, restoring ...

Tax reporting and compliance could be negatively impacted by Tax Court ruling potentially exposing AI software use to large ...

If you work in the United States, it is important to heed a new official warning that could save you trouble down the road.

One of the simplest ways to avoid issues with Venmo tax reporting is to categorize your transactions correctly. Venmo offers two key labels: “Goods and Services” and “Send to a Friend.” These labels ...

1. Do I need to pay taxes on profits from eToro? Yes, most countries treat eToro profits as taxable income or capital gains.

Did you know that self-employed individuals face unique challenges when seeking compensation for lost wages after car accidents? Michigan alone reported over 60,000 injuries from car accidents in 2020 ...

In order to report these earnings and transactions, you'll need to file Form 1099-K. According to the IRS, you should receive this form from each third-party payment platform you received ...

Taxpayers can use the IRS’ free Tax Withholding Estimator to determine if they are having the right amount of federal income tax withheld from their paychecks. When using the estimator, taxpayers ...

Decades ago, people were rushing to meet a March 15 filing deadline for income taxes. Now the deadline is April 15. The IRS processed more than 100.3 million returns, up 0.2%, so far through April 4.

Those earning at least $5,000 through platforms such as Venmo and Paypal will need to report their payments to the IRS. Illustration: Shoshana Gordon/Axios Smarter, faster on what matters.

Taxpayers who received more than $5,000 in payments for goods and services through an online marketplace or payment app in 2024 should expect to receive a Form 1099-K PDF in January 2025. A copy of ...