The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims ...

As explained below, two of the most important of these standards in the eyes of both employers and their ... s Form W-2. Employer Contributions are considered an excise tax paid by the employer ...

These are the electronic version of IRS paper forms. This product is best for people who are comfortable preparing their own taxes. People who generally make $67,000 or less, persons with ...

Wisconsinites started the 2025 tax season on Monday, Jan. 27, with a new tool — free access to software that sends their returns straight to the IRS. Wisconsin is one of 25 states participating ...

An LLC offers the protection of a corporation with the tax structure of a partnership ... from creditors' claims. Each member's financial contribution limits their debt liability for the LLC.

Of the three types of 1095s, Form 1095-A is the only one that will have information about discounts that most people with a marketplace plan receive on their health ... your total tax amount for the ...

The recipient uses the information on a 1099-NEC to complete the appropriate sections of their tax return. Who Can File Form 1099-NEC? Businesses should complete a Form 1099-NEC for any ...

Starting this season, users of the IRS’s Direct File service will be able to import biographical and W-2 wage information directly from their IRS ... of income in the initial version of Direct ...