The National Taxpayer Advocate report notes that the IRS historically receives more calls after significant changes in tax law, so it may need additional employees and improved digital tools to ...

Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.

Six investment groups representing sectors including fund managers, venture capital and real estate in a letter to two Senate ...

Words by Kaili Cochran With tipping and tax laws evolving, platforms like Cash App are changing not just how people pay, but ...

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form ...

Payment platform reporting tops Americans' tax concerns in 2025. Learn how changing IRS thresholds for platforms like Venmo ...

The bill faces changes before it reaches Mr. Trump’s desk, but the Senate has already voted unanimously for a No Tax on Tips measure. The new bill will make the change effective from 2026 to 2028.

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what do they mean for you.

This reporting change will give the IRS a clearer picture of how much you earned in untaxed income this year to help ensure you pay your taxes properly. For the 2025 tax year, the threshold will ...

How IRS changes regarding payment apps like PayPal and Venmo could affect you this tax season Payment apps are now required to send payment information to the IRS. If you use these apps you may ...