Knowing the difference between a 1099 vs W2 employee classification is key for filing taxes. Employees receive a W-2 and ...

There’s a new tax form coming your way for the 2025 tax year. Form 1099-DA will make filing your capital gains taxes on ...

When businesses pay a nonemployee, such as a freelancer or independent contractor, $600 or more in a year, they must file Form 1099-NEC, which is filled out using the information on Form W-9.

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you received for goods or services during the year. The law was supposed to go into effect in 2022 but was ...

The AICPA’s 2025 tax priorities include increasing the reporting threshold for Form 1099-K to $10,000 from the $600 that would go into effect next year, according to a letter Monday to congressional ...

Those guardrails don't exist with this proposal. They have been completely stripped away, and it's essentially a blank check for ICE." ...

Sixty votes were needed to overcome a filibuster. On Tuesday, House Republicans voted to hand a blank check over to a White House that is already stealing from our families and communities to fund ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

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 ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

Copy B and Copy 2 are sent to you. Copy 2 is to be filed with your state tax return if required. The holder retains Copy C. You should receive Form 1099-OID in the mail. You do not need to submit ...