The IRS has issued a private letter ruling on I.R.C. §1400Z-2 and Treas. Reg. §301.9100 granting the taxpayer a 60-day extension to file Form 8996 for self-certification as a qualified ...

New York Post may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you make a purchase. Nobody really budgets for a financial car crash in April. But ...

If you have taken distributions from any tax-deferred retirement account, you know that the distribution is reported on IRS Form 1099-R. A Form 1099-R is not usually issued for money that is added to ...

Beginning with crypto transactions in 2025 (to be filed in the 2026 tax season), crypto brokers in the United States, such as Coinbase (Nasdaq: COIN), are required to issue a new document known as ...

In 2021, Congress enacted the Infrastructure Investment and Jobs Act (IIJA), P.L. 117-58, which requires brokers to report digital asset transactions to the IRS and taxpayers. In enacting the IIJA, ...

Some federal annuitants are facing weeks of delays in accessing a key tax document from the Office of Personnel Management, as the filing deadline approaches. OPM updated its tax form delivery policy ...

The agency still offers a Free File program that works with commercial tax software firms. Some companies also offer free tools for certain filers. By Ann Carrns The federal government tested a free, ...

A new tax form related to digital assets is set to change how millions of crypto investors file their taxes and failing to understand it could mean paying more than necessary. Beginning with crypto ...

If you're one of the millions of creators who sell items through online marketplaces such as eBay, Etsy and Facebook Marketplace — there are more than 8.1 active sellers on Etsy alone, according to to ...

Tax season can be scary, but it doesn’t have to be. We can explain all the complicated documents and deductions, starting with the W-2 and 1099 forms for reporting your income. If you have any kind of ...

Reporting cryptocurrency on your taxes is changing for the 2026 tax season. This year, the IRS is introducing a new dedicated crypto tax form called 1099-DA for all "digital asset proceeds from broker ...

Tax Day is coming, and soon it will be time to begin gathering forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm. Some forms are ...