"Whether or not you receive a Form 1099-K," the IRS states online, "you must still report any income on your tax return. This includes payments for any goods you sell (including personal items such as ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

As per the Income Tax law, taxpayers must get their business or profession account audited every year. However, not all ...

The rules for when you'll be issued a 1099-K for online ticket sales and other transactions changed again, thanks to the 'One Big, Beautiful' tax law.

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...

Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and ...

For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, ...

Standard retirement account beneficiary forms may not be flexible enough to ensure your money passes to family members ...

ISLAMABAD: After repeated promises of simple form, the Federal Board of Revenue (FBR) has finally issued a comprehensive income tax return form for traders for tax year 2025. The return form for the ...

Republicans pushed for more oversight, or complete removal, of nonprofits’ tax-exempt status. Democrats warned restrictions ...