As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...

When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

If you own a cryptocurrency like Bitcoin, and you’re ready to sell it, you need to know how that might affect your yearly ...

The marketing around social casinos has done its job. Many of the players using these platforms have come to assume that the ...

Key reporting forms: Form 1099-R reports most 401(k) distributions, while Form 5498 confirms IRA rollovers; W-2s show contributions. Penalties and exceptions: Withdrawals before age 59½ may face a 10% ...

The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., previously announced the following ...

If you’re a content creator, freelancer, or small business owner, tax season can be overwhelming—especially when juggling multiple 1099 forms from different income sources. Understanding which form ...

Freelancers and gig workers in New Bern face a unique tax situation compared to traditional employees. Instead of having taxes automatically withheld from each paycheck, they are responsible for track ...

The IRS has been explicit about its enforcement priorities through public communications and practitioner guidance: large ...

Asmongold, one of the world's most-watched streamers, opens up about his earnings, sharing details that might surprise many ...

Lawsuits over fertility treatments and over destruction of eggs and embryos have exploded, yet the tax treatment of ...

Kimbell Royalty Partners' balance sheet is riskier than its peers, with a 57% debt-to-equity ratio. Read more on KRP stock ...