What is the Gig Economy? The gig economy—also called sharing economy or access economy—is activity where people earn income providing...

During Small Business Week, September 22-24, the Internal Revenue Service wants individuals to consider taking the home office deduction...

Millions of Americans received unemployment compensation in 2020, many of them for the first time. This compensation is taxable and must...

Choose direct deposit The safest, most accurate and fastest way to get a refund is to electronically file and choose direct deposit....

Q A1. I used the Non-Filers: Enter Payment Info Here tool last year and don’t usually file a tax return. What should I do to claim a...

The Earned Income Tax Credit (EITC) is one of the biggest tax breaks for working people. Working families with three or more qualifying...

The due dates for information returns, like Forms 1099-MISC and 1099-NEC help the IRS more easily detect refund fraud by verifying income...

Form 1099-NEC is a new form for tax year 2020 for nonemployee compensation of $600 or more to a payee. This form should be filed with the...

The IRS revised Form 1099-MISC for the 2020 tax year to accommodate the creation of a new Form 1099-NEC. The redesigned 1099-MISC has...

The Internal Revenue Service today reminded businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income PDF, and...

In 2020, the IRS issued two Economic Impact Payments as part of the economic stimulus efforts. The first payments were up to $1,200...

The Internal Revenue Service today released Notice 2021-11 PDF addressing how employers who elected to defer certain employees' taxes can...