Organizations and individuals that pay you money — whether a company, a financial institution, or a person who hires you as contractor — typically must report how much they paid you to the IRS.

Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

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A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...

A W-2 form is an important tax paper from your employer. It shows your yearly income and the taxes already paid. You need it ...

IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS collection efforts to be streamlined and automated. Failing to report a Form ...

From July 1, 2017 onwards, it has become mandatory for an individual filing his income tax return to mention his Aadhaar number or the Aadhaar enrolment ID in the new ITR forms. The due date for ...

Form ITR-1 does not contain a dedicated schedule for exempt income; however, it includes a specific section within the “Income Details” schedule for this purpose. It is important to report all exempt ...

Here's what you should know about the form 1099-MISC, Miscellaneous Income: A form 1099, Miscellaneous Income, is a "catch all" form. It's used to report income that can't be neatly categorized ...