Whenever you earn money, whether it’s through a freelance job or interest on a savings account, you’re required to report that income to the IRS and pay taxes on it as well. That’s why you should be on the lookout for 1099 forms in the months leading up to the tax filing deadline. You should…
Some normally law-abiding Americans are expected to face hefty fines and even the possibility of criminal prosecution and jail time when they refuse to pay federal taxes this spring. The actress Mia Farrow and activist Gloria Steinem are among the protestors pledging to withhold tax payments as a way to voice opposition to President Donald…
Dive Brief: The IRS says it won’t reject taxpayers’ 2016 income tax returns with missing healthcare information, says SHRM. Health information, as mandated by the Affordable Care Act, belongs on line 61 of Form 1040 and line 11 on Form 1040EZ. The IRS’ decision applies only to personal income tax filing and doesn’t affect employers’…
