If you fail to include important income documentation forms with your tax return, the likelihood of an audit from the IRS ...

Claims and filings that are determined to be frivolous can result in penalties of $5,000 for each copy that claims an ...

Form 1099-B is an information return used to report broker or barter exchange transactions, including proceeds from securities transactions, stock sales, and other financial exchanges. Form 1099-S ...

Someone who does a lot of business with a single brokerage account provider may, for example, get a 1099-B (which reports taxable capital gains) and a 1099-DIV (a report of income earned through ...

Tax season began this week, and there's a good chance you've already received one or more 1099 tax forms. But what are they for, and why do you need to pay attention to them? Let's break it down.

You’ll receive a 1099-B for every transaction (regardless of how many were sold) showing any gains or losses you made on each sale. If this information is left out of your taxes, you could ...

Payments to and from family members and friends are not reportable transactions. Form 1099-B: Proceeds From Broker and Barter Exchange Transactions Form 1099-B is used by brokerages and barter ...

Form 1099-B, meanwhile, depicts any capital gains or losses realized in taxable accounts. Some firms amalgamate all of this information into a single consolidated 1099. Independent contractors and ...

Taxpayers who receive over $1,500 of taxable interest must list all of their payers on Part 1 of Schedule B on Form 1040. Form 1099-INT will always report interest paid as cash-basis income.