You'll receive a 1099-K form if you use a third-party payment service, such as PayPal, Venmo or CashApp, to receive freelance income and you earned $5,000 or more via these platfo ...

while Form 1099-MISC reports other types of miscellaneous income, including rents, royalties, prizes, awards and medical and healthcare payments. The due dates for these forms also differ. Form ...

Other types of income, whether from contract work or investment ... Independent contractors and small-business owners may receive a 1099-MISC, which documents income received from businesses ...

The key to Forms 1099 is the IRS' computerized matching. The IRS matches each 1099 with your tax return based on your Social ...

Form 1099-MISC documents miscellaneous income ... you can still claim it as other income or self-employment income on your return, said Taylor. However, if you still haven't received your forms ...

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

The regulatory environment for digital assets will have significant implications for state-level reporting requirements.

For some gig workers, freelancers and small business owners, a new kind of IRS form may have arrived alongside other forms ... forms for the same income: a 1099-NEC or 1099-MISC from the company ...

This differs considerably from the prior 1099-K threshold of $20,000 and 200 transactions. Taxpayers have always been and are still required to report all taxable income to the IRS. But in years ...

must file Form 1099-MISC with the IRS and distribute recipient copies. Other 1099 Forms ... This is used to report wages and any federal income tax withheld from employees' salaries.