The good news is that it is not really difficult to report 1099 rental income. Along with the tax return Form 1040, you will generally file IRS Form 1099-MISC, which the IRS uses to keep track of ...

As tax season approaches, it’s time for taxpayers to organise their documents in preparation for filing income tax returns. The Income Tax Department has emphasised the critical step of validating ...

As income tax return (ITR) filing season is going on, eligible social media influencers are also liable to pay their taxes. If they don't file their ITR, they may have to go through income tax (I-T) ...

The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer ...

WASHINGTON (AP) — The go-broke dates for Medicare and Social Security ‘s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have ...

Also, for the 2025 tax year, the IRS requires those who pay independent contractors $600 or more to file Form 1099-NEC, Nonemployee Compensation, to report those payments.

Form 16 is a statutory TDS certificate issued under Section 203 of the Income Tax Act, 1961. It outlines the total salary paid by the employer and tax deducted at source (TDS) during the financial ...