The IRS introduces Form 1099-DA for the 2025 tax season, targeting cryptocurrency transactions. This move aims to regulate ...
Taxpayer Identification Number (TIN) mismatches have quietly become one of the most expensive and disruptive compliance ...
Tax rules on Social Security benefits create growing concerns for retirees navigating unpredictable income thresholds and ...
Mercury reports on 1099 filing misconceptions for small businesses, clarifying eligibility, requirements, and penalties to ...
Online sellers and freelancers in the U.S. have found changes to the 1099-K reporting threshold headache-inducing at best over the past couple of years, but a recent change in IRS policy will come as ...
The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...
The Barings Global Short Duration High Yield Fund (the "Fund") (NYSE: BGH) announced its monthly dividend for December 2025 of $0.1223 per share, payable on January 2, 2026. Based on the Fund's ...
Seniors are facing surprise IRS audits as algorithms shift and post-retirement finances change. Learn common triggers and how ...
On November 21, 2025, the Internal Revenue Service (IRS) issued Notice 2025-69, providing guidance and clarification on the ...
Avalara, Inc., the agentic tax and compliance leader, today released the 2025 Avalara 1099 Readiness Report, an in-depth study outlining the key challenges accounts payable (AP) teams face heading ...
Opinion
Monterey Herald on MSNOpinion

Barry Dolowich, Tax Tips: Cancellation of debt income

If you borrow money (note: credit card debt is borrowed money) from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount as income ...
U.S. crypto investors now have just over two weeks to execute any final sales before sweeping IRS reporting rules go live on ...