Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you received a lawsuit settlement in 2024, you probably received an IRS Form 1099 from the defendant in early 2025.

Add Yahoo as a preferred source to see more of our stories on Google. Tax season begins this month. And this week, the IRS posted a reminder for those who want to get ready for tax season now. "As the IRS continues its digital transformation, it’s making ...

Many taxpayers are eager to file returns to collect a refund, but it's important to gather the necessary tax forms first. Filing an incomplete return could flag the IRS system, delay processing or trigger an audit, experts say. Here’s a checklist of the ...

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024 and $2,500 in 2025 before reaching the statutory level of $600 in 2026 and thereafter. Processing ...

A step-by-step guide to help you fill out a W-4 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 terms for ...