Organizations and individuals that pay you money — whether a company, a financial institution, or a person who hires you as contractor — typically must report how much they paid you to the IRS.

The new Form 1040 that all tax filers will file this year is a one-page document with just 23 lines. It replaces the old 1040 as well as the Form 1040A and Form 1040EZ, and for most tax filers with ...

IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS collection efforts to be streamlined and automated. Failing to report a Form ...

Most forms of income count as taxable — but not all. Here’s how to calculate yours and some ways to reduce your liability. Many, or all, of the products featured on this page are from our advertising ...

Here's a cheat sheet to help you navigate the most popular tax forms. There's no need to spend another second muddled about all the forms you'll need to file your tax return. Here's a quick resource ...

As April 15 nears, millions of taxpayers this year will have to navigate the IRS' new Form 1040. It's the result of a campaign promise by then-presidential candidate Donald Trump to simplify tax rules ...

Your taxable income is your federal tax liability based on both earned and unearned income received during the tax year. An individual’s taxable income is the amount of money they’ve received over the ...