Tax-related identity theft is a growing concern for taxpayers across the United States. With cybercrime on the rise, more individuals are falling victim to fraudsters who steal personal information and use it to file fraudulent tax returns. This criminal activity results in delayed refunds, financial loss, and significant stress for victims. In response to this, […]

Form 1099 is a critical document used to report various types of income to the IRS. It is issued by businesses, financial institutions, or other entities to individuals who have received income during the tax year. The information on the form helps the IRS ensure that taxpayers are accurately reporting their earnings for tax purposes.

Selling personal items online has become an increasingly popular way for people to declutter their homes and earn some extra cash. Platforms such as eBay, Etsy, and Facebook Marketplace have made it easier than ever to connect with buyers and sell unwanted items. However, many sellers are unaware that these online transactions may have tax

The Internal Revenue Service (IRS) recently introduced new tax-reporting regulations targeting decentralized finance (DeFi) platforms. These rules, which require DeFi protocols to collect user data and report transactions to the IRS, have faced significant opposition from industry advocates, legal experts, and lawmakers alike. Now, efforts are underway to repeal these regulations, raising important questions about