For more, check out these tips to make sure you don't get audited this tax season. The Social Security benefit statement, also known as form SSA-1099, shows you the benefit amount you earned last ...

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Internal Revenue Service. "Instructions for Form 2106." ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental ...

Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal to ...

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...

Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a ...

Draft instructions for Form 6765, "Credit for Increasing Research Activities," a.k.a. the research credit, are available for comment. The Internal Revenue Service is seeking feedback on the draft ...

You must file a Gift Tax Return (IRS Form 709) to report the gift and show how much exemption you have used. In 2026, unless the Federal estate tax laws are modified, the exemption from gift and ...

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is ...

But if you give more than that, you’ll need to fill out IRS Form 709 to report the gift, and it will count against your lifetime gift tax exclusion. Gift taxes are levied on individuals that ...

If you haven’t received your tax paperwork from your employer by now ... There’s been a lot of talk about Form 1099-K, which reports payments users collect through mobile apps.