Tax forms

Tax professionals have been clamoring for more detail and clarity regarding whether (and under what circumstances) corporations and partnerships must file Schedules K-2 and K-3, particularly where they have little or no foreign activity and shareholders or partners.

The draft instructions may clear up some confusion, adding a new domestic filing exception.

Just $600 in gross sales is going to trigger a 1099-K for gig workers and sellers on sites like eBay and Etsy.

The IRS has given cryptocurrency holders a bit more clarity about how to report digital assets on their 1040 income tax forms.

The service posted drafts of the upcoming Schedule UTP form and instructions in an effort to improve the forms' usefulness.

Advocates are pushing to restore the $20,000 threshold for reporting transactions from payment cards and third-party networks after it was lowered to just $600.

The Internal Revenue Service is improving its accessibility to blind and visually disabled taxpayers after a settlement with the National Federation of the Blind.

The Institute of CPAs is updating its Statements on Standards for Tax Services and wants the IRS to hold off on renaming "virtual currency" as "digital asset" on tax forms.

National Taxpayer Advocate Erin Collins is protesting a decision by Internal Revenue Service officials to postpone implementation of scanning technology.

Self-employed people and gig economy workers have been confronting tax challenges this year that didn’t just end with tax season.