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6 mins read
What is an IRS 1099 form?
1099 forms are used to report various types of income to the IRS such as money from contract work, …
Robin Kavanagh,Sheneya Wilson, CPA
2 mins read
The IRS chief says the agency will get through its backlog of unprocessed tax returns 'before December'
Millions of Americans were waiting on tax refunds for months in 2021. The IRS is aiming to get them…
Juliana Kaplan
4 mins read
Meet a Wisconsin mom waiting on nearly $6,000 the IRS owes from her 2020 return and child tax credits: 'The worst thing about this is that there's no communication'
Without a tax return, Rachel Cannistraro, hasn't received the monthly checks for parents that start…
Juliana Kaplan
4 mins read
The IRS is wildly understaffed, and it could make for a hellish tax season
Between mountains of paper and tens of millions of backlogged phone calls, the IRS already has its …
Juliana Kaplan,Joseph Zeballos-Roig
2 mins read
The IRS is going to know if you made big money reselling tickets for tours by the likes of Taylor Swift or Beyoncé
Ticketing platforms will be required to pass on details about users who made more than $600 this ye…
Polly Thompson
2 mins read
A historically underfunded IRS is preparing for a rough tax season and only has 1 person for every 16,000 calls it gets
Many Americans rely on tax refunds, but those checks might be delayed this year. Part of the proble…
Juliana Kaplan,Joseph Zeballos-Roig
2 mins read
Some families haven't gotten Biden's monthly child tax credit or stimulus payments. The White House just launched a new website to fix that.
The mobile-friendly sign-up tool comes two months after the White House unveiled another version of…
Joseph Zeballos-Roig
2 mins read
The IRS chief says $1 trillion in taxes could be going uncollected every year - or more
Charles Rettig cited the $1 trillion figure in a Senate hearing, referencing a study finding unpaid…
Juliana Kaplan
2 mins read
Parents could get a $300 check this week from the government thanks to the revamped child tax credit
Families will receive up to $300 per child in monthly payments from July to December through direct…
Ayelet Sheffey,Joseph Zeballos-Roig
3 mins read
No, the GOP isn't going to abolish income tax — or the IRS
The GOP wants to get rid of income tax and the IRS. Neither will happen, but, if they did, it would…
Juliana Kaplan,Jacob Zinkula
2 mins read
IRS chief says the agency on track to start monthly payments of the child tax credit in July
IRS chief Charles Rettig said parents will be able to sign up for direct payments in the next few m…
Joseph Zeballos-Roig
2 mins read
Over 156 million stimulus checks have gone out from the latest stimulus - fulfilling a key 100-day goal for Biden ahead of schedule
Roughly 25 million direct payments went out in the latest batch, the IRS said, amounting to $372 bi…
Ben Winck
1 min read
Cathie Wood says bitcoin investors sitting on huge gains shouldn't transact with the coin until tax changes are implemented
Investors should avoid using bitcoin as a payment system until tax changes are made, according to A…
Emily Graffeo
2 mins read
Stimulus checks are starting to hit Americans' bank accounts this weekend, but some may not be able to access the money right away
The IRS said it is officially releasing the direct payments on March 17, so it may take a few more …
Joseph Zeballos-Roig
2 mins read
Biden approves cutting the number of people eligible for a 3rd stimulus check
Wealthier people may not get a $1,400 check under the $1.9 trillion stimulus bill. Biden indicated …
Joseph Zeballos-Roig
2 mins read
The IRS just disbursed 2.2 million more $1400 stimulus payments, but it mostly went to recent tax filers
The disbursement is part of the third wave of one-time checks that the federal government has autho…
Francis Agustin
2 mins read
'Please wait': IRS tells taxpayers to check back later, after their $600 stimulus payments were sent to closed accounts
Taxpayers seeking their $600 stimulus checks were told to wait after a mix-up by the Inland Revenue…
Kevin Shalvey
1 min read
Millions of lost US jobs will go unreplenished for years, according to IRS forecast
A recent IRS report estimates that W-2 tax filings will be below pre-pandemic levels through at lea…
Carmen Reinicke
2 mins read
The IRS is planning to hire as many accountants and attorneys as it takes to crack down on rich people 'that are not paying the taxes they owe'
The IRS unveiled its plan to use $80 billion in new funding over ten years, focused on better custo…
Ayelet Sheffey
2 mins read
The IRS will move away using ID.me's facial recognition verification for IRS.gov
The IRS said it would stop using the third-party facial recognition service ID.me after Insider and…