Child care is expensive — and if you’re a working parent or caregiver, you’ve probably felt the sting. But here’s the good news: if you paid for child or dependent care so you could work or look for ...

How does the IRS define a crypto broker? The definition of the term “broker” includes individuals or entities that regularly provide services to carry out digital asset transfers. This definition ...

Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, ...

Editor: Greg A. Fairbanks, J.D., LL.M. The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting with tax years beginning in 2024 ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and why did you receive yours? IRS Form 1099 is informational. This means that ...

Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up ...

Medical expenses are a part of life and can arise at any time. According to the American Medical Association, the average cost of healthcare in 2022 for a person is $13,493. Most people need a safety ...