Marni Rose McFall is a Newsweek reporter based in London, U.K. Her focus is on internet trends, U.S. politics and popular culture. She has covered fashion, culture, art and music extensively.

Lenders send Form 1098 to mortgage borrowers and to the IRS. If you receive a Form 1098, you can use it to potentially deduct the mortgage interest that you paid when you file your yearly taxes.

Form 1040-X should not be used to correct simple mathematical errors in a tax return, as the Internal Revenue Service (IRS) routinely corrects such mistakes while processing returns. IRS Form 1040 ...

In response to corporate concerns over the 1099-K threshold and to avoid further confusing taxpayers, the IRS has postponed implementing the new Form 1099-K reporting threshold requirement for ...

The form, which is also sent to the IRS, keeps users accountable for reporting business or gig income. Since income collected through payment apps is not subject to withholding like income from a ...