The #1 Accounting Software for Small & Mid-sized Businesses. If you’re pursuing the American dream, chances are, you’re wearing several hats simultaneously from running the entire shop of your product ...

In the U.S., self-employed individuals face unique tax challenges, including the need to make quarterly estimated tax ...

How long should you store tax returns, statements, and supporting documents? Learn about the IRS records retention ...

Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.

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.

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

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could ...

Other types of income, whether from contract work or investment income, get reported via a 1099 form. These 1099 forms start hitting your mailbox (and/or email inbox) in January (and even December ...

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Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year. But in 2025, that number is expected to soar. The IRS announced the ...

Rather you receive 1099-NEC, 1099-MISC ... of income could be business account bank statements, 1099s, customer invoices or contracts, account receivables, client letters, etc.