The Coinbase cryptocurrency exchange was historically using the Form 1099-K to report gross proceeds from trading cryptocurrency. Coinbase has since discontinued using Form 1099-K and will now use the Form 1099-B.
2022 tax refund delays continue for many taxpayers across the country. So, where is your refund check and how do you check the status?
Form 8862 must be completed by a taxpayer when they previously had certain federal tax credits disallowed in a prior tax year for reasons other than math or clerical errors.
Are you still waiting for your tax refund? You are not alone. Many taxpayers filed their tax returns as early as possible hoping to get a quick refund check, yet those checks have not been issued...
The 2022 tax season has been a frustrating one for many taxpayers. Tax refund delays continue and individuals are waiting longer than usual for their tax refunds.
When an individual sells a personal use asset, any gain recognized on the sale is taxable and reported on Form 1040. Losses are not deductible. Payment processing companies are now issuing Form1099-K to report the sale of personal use items.
The IRS Form 1099-K reporting thresholds and requirements have been expanded and will now impact millions more taxpayers. So, what are the rules and what do you need to do if you receive a Form 1099-K?
The 2022 tax season is underway and taxpayers are anxiously awaiting their federal tax refunds. Here is an update on the season so far.
Many taxpayers filed their returns early and have not received their tax refunds. When can you expect to receive a direct deposit or a paper refund check in the mail?
When an employee works for an employer, the employee's take home paycheck is far less from their gross pay. The paycheck is reduced for items such as payroll taxes, income tax withholding, health insurance premiums, and retirement plan contributions. An employee's net pay is an important calculation.
