Understanding the tax implications of annuities is key ... it’s subject to either the exclusion ratio or last-in-first-out (LIFO) rules. Exclusion ratio vs last-in-first-out The exclusion ...

This reporting change means if you earned over $5,000 on an app like Venmo last year ... some of the manual work out of filing your self-employment taxes. Once this rule takes effect, you may ...

Here's a closer look at the seven rules and how they might affect you: 1. You Don't Have to Report Cash Gifts of up to $19,000 a Year Cash gifts can be subject to tax rates of up to 40% ...

The rule is important for investors reassessing their market positions and looking to sell and repurchase declining stocks to offset losses. Disallowed losses are a potential tax pitfall of ...

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...