When you perform a 1035 exchange, you must report the transaction using IRS Form 1099-R. There are several scenarios where a 1035 exchange might be beneficial. For instance, suppose your current life ...

Sovos, the always-on compliance company, today announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium sizes businesses (SMBs).

For small businesses, understanding and adapting to new tax laws is crucial for maintaining financial health and ensuring compliance. The year 2024 has introduced significant tax legislation that ...

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later A T4A slip identifies amounts paid during the calendar year for certain types of income from many ...

"IRS Releases Tax Inflation Adjustments for Tax Year 2025." Internal Revenue Service. "About Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return." Bloomberg. "Bloomberg ...

Here's a rundown of changes to some well-known tax provisions for the 2025 tax year. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

A drop-in session for people with tax-related questions is being held by the States of Guernsey next month. The event is being hosted at Sir Charles Frossard House from 08:00 to 14:00 GMT on ...