Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.
Read more: When Your Tax Professional Makes a Mistake, Here's Who Takes Responsibility As a freelancer or gig worker, you may ...
If you fail to include important income documentation forms with your tax return, the likelihood of an audit from the IRS greatly increases.
You might receive this document if you have freelance work, investment income, retirement distributions or other financial transactions.
A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and ...
Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting requirements affect your taxes in 2024.
Kell Canty, CEO of Ledgible, tells TheStreet Crypto: “Starting for calendar year 2025, brokers must issue a 1099-DA with ...
I'm an IRS-enrolled agent and tax expert who ... As a freelancer or gig worker, you may also be used to receiving either a form 1099-MISC or 1099-NEC for the work that you do.
Form 1099-B is a tax form issued by brokers or barter exchanges to both the IRS and the taxpayer. It provides details about ...
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 ...
As an IRS-enrolled agent and tax expert ... As a freelancer or gig worker, you may also be used to receiving either a form 1099-MISC or 1099-NEC for the work that you do. Companies are required ...