Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...

WASHINGTON D.C. – The Internal Revenue Service (IRS) issued a scam warning for tax filers nationwide. On Jul. 3, the IRS warned taxpayers about a new scam involving improperly claimed clean energy tax ...

What Is Form 1099-PATR, Taxable Distributions Received From Cooperatives? Form 1099-PATR, Taxable Distributions Received From Cooperatives is an IRS form sent to taxpayers to allow them to report ...

The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

When calculating the cost of labor on an Internal Revenue Service Form 1120 corporate tax return, keep one simple rule in mind: If you have already deducted the expense elsewhere, don't include it in ...

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Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...