It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

The taxation of digital assets continues to be an area of confusion. The Internal Revenue Service has long taken the position that digital assets are treated the same as other property and are taxed ...

Businesses must meet the February 18, 2025 deadline to furnish recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (Boxes 8 and 10) ROCK ...

Transfer the information from Form 1099-B to Form 8949 and Schedule D when filing your taxes. For most crypto exchanges, wallets, or DeFi platforms, you will not receive formal tax documents like ...

Fortunately, there are numerous tax-advantaged options available to 1099 workers to help build long ... The SECURE 2.0 Act introduced several new provisions, including penalty-free withdrawals ...

Tax season is well underway ... If so, you should expect to receive one or more 1099-B forms. Brokers report the proceeds you earn from sales of stocks, bonds, derivatives, or other securities ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment ...

You would have to have pushed above that $5,000 threshold in 2024 to receive a 1099-K for this tax season. The American Rescue Plan Act of 2021 revamped reporting requirements for third-party ...

Form 1099-B documents income from the sale of securities ... acquired interest in a life insurance contract. The Tax Cuts and Jobs Act of 2017 added a new section to the Internal Revenue ...

It's tax season ... a given year will be 1099 income. Examples include someone who lives mostly off of Social Security income (SSA-1099), investment withdrawals (1099-B, 1099-DIV) or retirement ...