IRS Form 941, also known as the Employer's Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security, and Medicare taxes withheld from their ...

The payee is not subject to backup withholding. The payee is a U.S. person. Any FATCA code entered is correct. IRS Form W-9 is used to share taxpayer information between two parties, often between ...

Form 1099-B is a tax form issued by brokers or barter exchanges to both the IRS and the taxpayer. It provides details about ...

Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application ...

Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting requirements affect your taxes in 2024.

Members who receive at least $10 in cooperative patronage dividends, reported on IRS Form 1099-PATR, might also be subject to backup withholding as well. Some taxpayers are exempt from backup ...

The IRS has issued a crucial warning for taxpayers during the 2025 tax season. Understanding the circumstances that could ...

Determining your tax withholding as a U.S. taxpayer isn’t the easiest task. But if you landed a new job or had a major life milestone this tax season (a new ...

If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed specific thresholds based on your tax filing status. This tax ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks ...