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Paypal, Square, Venmo, Etsy, and Other Third-Party Networks May Show up on Your 1099-K Tax Form

Purpose of the 1099-K Form The 1099-K form is a tax form used by the Internal Revenue Service (IRS) to track and report payment transactions…

The Real Estate Investor’s Savvy Guide to IRS Form 1099-S

Real estate investing has some real tax implications. This one is an eye opener! Form 1099-S is a document used to report certain real estate…

Investments Come and Go, but Form 8949 Remains a Crucial Part of Your Tax Returns

Here's another one for the books: Form 8949 Form 8949 is for reporting capital gains and losses from the sale of assets. This includes both…

How to Make Sure You Get All Your Stimulus Money, Using Form 6475

Well, this could be a fun letter to get! Form 6475 is an important document for taxpayers who have invested in renewable energy systems. The…

Found IRS Code 570 on Your IRS Transcript? Here’s What Not to Do

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/570.mp4"][/video] If you hear about Code 570, always follow the Hitchhiker’s Guide… “Don’t Panic!” Chances are that anyone who’s been counting on…

Can I Deduct My 529 Contributions on My Federal Tax Returns?

Definition of 529 Contributions I think I might start a 529 just for the tax benefit! A 529 plan is an educational savings plan that…

How Old Do I Have to Be to Withdraw Funds from my 401k?

59 and a half is gonna be a big year! Or will it be? A 401k is an employer-sponsored retirement account that allows employees to…

Required Reading for Anyone Worried About Their 401k RMDs (Required Minimum Distributions)

What Is a Required Minimum Distribution? The dreaded RMD of 401ks. A 401k is an employer-sponsored retirement account that allows employees to save for their…