Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record wages, benefits paid, taxes withheld, and other essential financial information ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

Employers complete form W-2 annually to report employee earnings and tax withholdings. Employees complete form W-4 when starting a new job to tell employers how much to withhold from their paychecks.

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 ...

With tax season just getting started—the season officially opens on Jan. 29, 2024—you've likely received several tax reporting forms already, or they are on their way. Here's what you need to know ...

Tax season is rarely fun, but it's an inevitable part of life. Whether you're an early filer who knocks it out in February or a last-minute scrambler in mid-April, though, there's always some level of ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now You’re probably familiar with tax returns on some level, but if you’ve never filed a tax return, you may ...

A side hustle is a great way to bring in extra income outside your regular job. But, just because you’re earning a little extra cash on your terms doesn’t mean you aren’t responsible for paying income ...