Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

If you get paid through a third-party app, you may find an IRS Form 1099-K in your mailbox. Previously, only self-employed workers who netted at least $20,000 through Venmo, PayPal, CashApp, Stripe or ...

The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary income rates under the income tax. In a recent column, I discussed how the federal tax code has ...

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

Tax benefits of hiring your child If you follow IRS rules, hiring your child to work for your business can lower your taxable income, as you can deduct their salaries from your business income. If ...