Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

If you’re preparing your taxes, you'll file federal income tax Form 1040. Because tax laws change often, Form 1040 might have subtle differences from year to year. Form 1040 is the main form ...

Each Form 1099 is matched to your Social Security number, so the IRS can easily issue a tax bill if you fail to report one.