Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Investopedia / ...
When it comes to managing your taxes, understanding the forms you receive is half the battle. Among these, Form 1099-INT stands out if you’ve had any dealings with interest income over the past year.
Interest is the cost to use money. Borrowers pay interest on loans so the money can be used to buy a car, home or other personal need. Banks pay certain account types interest on assets to the bank ...
When our 1099s for interest and dividends began rolling in during the onset of tax season, many of us received what is called a form 1099 — OID. You may ask yourself “What is this OID? A new ...
Each January, your mailbox and email are likely filled with tax forms. You’ll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance work, you may ...
Two defendants who received hundreds of thousands of dollars in fraudulent tax refunds have pleaded guilty in federal court. The tax fraud scheme attempted to receive nearly $100 million in fraudulent ...
QI own some U.S. Treasury Inflation Protected Securities (TIPS) that I purchased from Treasury Direct. This year I received a form 1099-OID that shows a negative amount for my 2006 amount of Original ...
A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...
Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news.
April J. Rampton was sentenced to 21 months in federal prison for filing false claims for income tax refunds. She tried appealing her conviction to the Tenth Circuit, but that did not go well. Her ...