Marni Rose McFall is a Newsweek reporter based in London, U.K. Her focus is on internet trends, U.S. politics and popular culture. She has covered fashion, culture, art and music extensively.

The new tax reporting rule requires platforms like PayPal, Venmo, and CashApp to issue tax form 1099-K for earnings exceeding $5,000, CNET reports. While it’s not a new rule for freelancers ...

IRS Form 8949 is crucial in reconciling the information reported on Forms 1099-B or 1099-S with the amounts you report on your return. These subtotals from Form 8949 are then transferred to ...

The Internal Revenue Service (IRS) recently released IRS Form 15620, Section 83(b) Election (Form 15620), an approved form for taxpayers to use to make a Section 83(b) election. A taxpayer is not ...

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024 and $2,500 in 2025 before reaching the ...

By signing this form, you grant an authorized representative, such as a tax attorney, CPA, or enrolled agent, the ability to manage certain aspects of your tax affairs with the IRS. Since your tax ...

The Internal Revenue Service released a revised draft version of Form 6765, the Credit for Increasing Research Activities, on Friday after hearing comments about an earlier version of the form, only ...

Some tax professionals have been advising their clients that filing the IRS Form 706 Estate (and Generation-Skipping Transfer) Tax Return is not necessary for a surviving spouse. The reality is ...

On April 18, the Internal Revenue Service released the draft version of Form 1099-DA—Digital Asset Proceeds From Broker Transactions—its first tax form specifically designed to collect crypto ...

The IRS has released a draft of Form 1099-DA, Digital Asset Proceeds From Broker Transaction. The form is the next step in the agency’s efforts to bolster crypto tax reporting and follows ...