People can get a 1099 form for different reasons. For example, freelancers, independent contractors, and other gig workers often get a 1099-NEC from their clients outlining their income earned.

Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...

Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC. For years, business owners used it to report payments for rent, royalties, medical and healthcare payments and ...

That changed in 2020, however, when the IRS brought Form 1099-NEC back to life after it was retired in the 1980s. Form 1099-NEC now reports income paid to independent contractors of $600 or more.

Independent contractors will receive a 1099-NEC for their work. Most of my public-speaking engagements are reported on this form. If you are doing limited consulting engagements and earn more than ...

Kell Canty, CEO of Ledgible, tells TheStreet Crypto: “Starting for calendar year 2025, brokers must issue a 1099-DA with ...

What Is Form 1099-OID: Original Issue Discount? Form 1099-OID: Original Issue Discount is an Internal Revenue Service (IRS) form that taxpayers receive if their taxable income for the year ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks, credit unions and other financial institutions, reports interest ...

Don't panic. Here's what you need to know about this tax from. The IRS said the 1099-K form is a report of payments you received for goods or services during the year if you made any money or ...

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 ...