Form 1099-B is a tax form issued by brokers or barter exchanges to both the IRS and the taxpayer. It provides details about ...

While January 31st was a key deadline for filing Forms 1099-NEC, W-2, and other 1099 tax forms, many businesses need to prepare for another essential tax deadline-February 18, 2025. The February 18, ...

With the passage of the U.S. infrastructure bill in November, “crypto brokers” (i.e., cryptocurrency exchanges and other third parties that facilitate the transfer of digital assets) will be required ...

ROCK HILL, SC / ACCESSWIRE / February 12, 2024 / January may have come and gone, but there are still a few more IRS Form 1099 deadlines that businesses and tax professionals must be aware of. By ...

I received a form 1099 that lists "Reportable Capital Transactions" (1099-B, Box 2)of $10,000, the amount of funds I had invested in a CD. When filing, do I need to record/report this $10,000 in the ...

Many securities traders incur significant tax bills on phantom income caused by “wash sale losses disallowed” on form 1099-Bs. Traders are often surprised because most brokers don’t report wash sale ...

The 1099-B has blank in the cost basis (1e), "Check if basis reported to IRS" (3) is not checked, and "Check if noncovered security" (5) is checked. If the stock was a bonus from work would the cost ...

Nobody becomes a business owner because they love all the paperwork. When tax season begins, though, extra paperwork is often a necessity. Along with your W-2 forms for employees, you may have to send ...

Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...