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 ...

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

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 ...

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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 ...