Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on ...

On September 16, 2025, the Internal Revenue Service (IRS) released a final regulation providing guidance on how plan sponsors should implement ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The fix from Congress in 2021 was a lower $600 threshold amount for Form 1099-K set to take effect in the 2022 tax year, meaning forms that would be distributed in early 2023. However, under pressure ...

While Notice 2025-33 delays certain penalties, brokers are still on the clock to prepare for Form 1099-DA reporting. These phased relief measures provide flexibility, but full compliance will be ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.