You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

Pay attention to your tax bracket: Having multiple jobs could push you into a different tax bracket. But remember: When your income jumps to a higher tax bracket, you don’t pay the higher rate on your ...

Here are the best tax software deals to shop at Amazon.

Employment Insurance (EI) benefits information, how to apply and how to submit a report. If you are self-employed, get information about ... records of employment and instructions on completing the ...

A Redditor recently posted in the FIRE Reddit group looking for advice about starting an LLC. The Redditor doubts that there are any tax benefits with starting an LLC over collecting W2 income ...

This is the big one. April 15 is the deadline to file your federal income tax return for 2024 unless you request an extension ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with ...

Taxpayer was liable for self-employment tax on income reported as “other income” and an accuracy-related penalty, the U.S. Tax Court held, affirming the IRS’s determinations. Taxpayer, an individual, ...