IRS installment agreement guide: How IRS payment plans work

An IRS installment agreement lets you pay tax debt over time. Learn the types of payment plans, eligibility requirements, ...
Forbes

IRS Forms 1099 For Lawsuit Settlements Can Total 200% Of Amount Paid

Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. If you received ...
Forbes

IRS Forms 1099 Can Be Wrong. Here’s What You Can Do About It

A stock photograph of a 1099 Misc tax form. Photographed with the Canon EOS 5DSR at 50mp and the 100mm 2.8 L (IS) lens. Incorrect IRS Forms 1099 are a big tax worry. After all, Forms 1099 generally ...
Forbes

Lawsuit Settlements Involve Tax Forms, Here’s What To Expect

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you receive money from a lawsuit, as with most legal ...
Forbes

After Legal Settlement Payment, You May Receive Two IRS Forms 1099

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 ...
Forbes

If Your IRS Form 1099 Is Wrong, Here’s How To Correct It With The Agency

Forms 1099 generally saddle you with income you have to report. Of course, if you have income, you must report it, whether or not you receive a Form 1099. But think of the Form 1099 as a strong nudge ...
Forbes

What IRS Forms Should You Sign Before Being Paid?

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. It is used by companies to reduce or avoid liability if the IRS ...
Forbes

You Are Asked To Sign IRS Form W-9 For Payment, What Are The Stakes?

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This “backup withholding” at 24% is the usual consequence of ...