The tax form 1099-C is used to record a cancellation of debt. While debt cancellation is good news for an individual or business, it still leads to more taxes. The IRS generally considers any ...

The U.S. Senate has added language to the major tax and budget policy bill that would restart and expand a compensation ...

Bondholders receive IRS Form 1099-INT (or Form 1099-OID) from entities that paid them interest on the bonds in which they invested. Selling bonds may incur capital gains tax for investors.

As the tax filing deadline approaches, many people have questions. To help keep tax season as stress-free as possible, experts from the Guam Department of Revenue and Taxation share some tips on ...

The Internal Revenue Service Form 8822, which is required for mailing address changes, is available here. DRT continues to receive and process 2024 income tax returns, and taxpayers have up until ...

What Are the Tax Brackets? Tax brackets were created by the IRS to implement America’s “progressive” tax system, which taxes higher levels of income at the progressively higher rates ...

WASHINGTON - Despite Joseph S. Schuchert's $18.6 million bad debt loss, the Big Horn investment specialist still faces a $3.7 million tax bill. Schuchert and his wife, Karalyn, filed a petition ...