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

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 ...

If you said yes to any of these, be prepared to receive a 1099-K from the Internal Revenue Service. Asking yourself what's a 1099-K? Don't panic. Here's what you need to know about this tax from.

Other 1099 forms include the 1099-G for government payments such as unemployment benefits, a 1099-NEC for contractor or freelance work and a SSA-1099 for Social Security benefits.

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

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 ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

Major IRS/SSA Tax Forms Due Tomorrow Form 1099-NEC: Businesses who have paid $600 or more to independent contractors must e-file 1099-NEC with the IRS and distribute recipient copies. Form 1099 ...

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 ...

For example, freelancers, independent contractors, and other gig workers often get a 1099-NEC from their clients outlining their income earned. People who earned interest from a high-yield savings ...