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

In the U.S., many people file crypto taxes using 1099 forms. This guide covers the various 1099 forms you should know about.

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 ...

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

However, instead of using Code 2 in Box 7 of Form 1099-R, the issuer used Code 1, which means that no exception applies. This could lead the IRS to believe the amount reported on Form 1099-R is ...