Understanding IRS Forms 1099 for Lawsuit Settlements
The Basics of Tax Reporting in Legal SettlementsWhen you collect a settlement for a lawsuit, you'll likely also receive a Form 1099 from the IRS. This
Category: Tax and Financial News
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As Tax Season Opens, We Must Stay Alert to Rising Scam Threats
As tax filing season begins, scammers are ramping up efforts to steal taxpayers' personal information through increasingly sophisticated schemes. Belo
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2025 U.S. Tax Legislation Forecast: What to Expect
As 2025 unfolds, U.S. tax policy is poised for significant shifts, particularly with a new Republican administration under President Donald Trump. The
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What is Innocent Spouse Relief?
The word “innocent” in innocent spouse relief can be misleading. It doesn’t imply you’re perfect or blameless – it&rsquo
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Tax Planning 2024
Personal Income Tax Planning Strategies for Year-End 2024As 2024 draws to a close, it’s the perfect time to review your personal income tax situ
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2025 Projected Tax Brackets
According to estimates, inflation adjustments to the internal revenue code are expected to yield increases of 2.8 percent compared to 2024 amounts. Th
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The New Era of “No Tax” Policies: Selective Tax Exemptions and Their Side Effects
Former President and current candidate Donald Trump introduced a new policy of his in a recent Arizona rally: No more income tax on overtime pay. This
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