Tag: Internal Revenue Service
IRS Unveils U.S. Tax Form Your Broker May Send Next Year to Report Your Crypto Moves
"Brokers must report proceeds from (and in some cases, basis for) digital asset dispositions to you and the IRS on Form 1099-DA," according to the ins [...]
Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest
While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper ov [...]
IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal
The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-asse [...]
How Innovation Refunds cashed in on the Employee Retention Credit
The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic.The governm [...]
When to submit your tax return in 2023 to avoid missing forms
If you're eager to file your 2022 tax return in January or early February, the IRS has a warning: You'll need to wait for "key documents" before filin [...]
5 money moves to make now to ensure financial success in the new year
Cn0ra | Istock | Getty ImagesThe end of the year is an important time for making financial decisions that can have an impact in the year ahead — and f [...]
How to prepare for a 1099-K for online payments and reduce your taxes
Charday Penn | E+ | Getty ImagesIf you've accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports incom [...]
The biggest tax changes to know before filing your 2022 return
Tom Werner | DigitalVision | Getty ImagesCertain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit an [...]
Here’s why your tax refund may be smaller in 2023, the IRS says
If you're expecting a tax refund in 2023, it may be smaller than this year's payment, according to the IRS. Typically, you get a federal refund when y [...]
The IRS interest rate for unpaid refunds and balances will soon be 7%
Bill Oxford | E+ | Getty ImagesIf your tax refund is still in limbo, there's good news: Your balance may be accruing interest, and the rate increases [...]
Business owners have a big tax deadline coming up well before April
New business formation has boomed, and that means more new business owners than ever are dealing with tax season and potential tax nightmares. While t [...]
Powerball jackpot at $1.9 billion — for annuity. Lump sum is overrated
It's hard to imagine what it would be like to win Powerball's $1.9 billion prize. But the reality almost always falls far short of the fantasy."The cu [...]
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
The jackpot for Powerball's Monday night drawing is a whopping $1 billion.Sort of, anyway.The advertised number represents the pre-tax amount you'd ge [...]
Investors can contribute up to $22,500 in a 401(k) and $6,500 in IRAs in 2023
If you're eager to save more for retirement in 2023, there's good news from the IRS, which just announced higher limits for your annual 401(k) plan an [...]
How much income you can have for 0% capital gains taxes in 2023
If you're planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say.This wee [...]