NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...
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 ...
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.
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.
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 ...
Form 1099-B is an information return used to report broker or barter exchange transactions, including proceeds from securities transactions, stock sales, and other financial exchanges. Form 1099-S ...
Form 1099-MISC: Businesses who have paid $600 or more as miscellaneous payments such as rent, prizes, medical and health care payments, etc., must file Form 1099-MISC with the IRS and distribute ...
1099-MISC: Much like the name implies, this form is a catch-all for income that doesn’t fit into other 1099 categories — though it does have some specific purposes. Income from prizes and ...
Acquisition or Abandonment of Secured Property and Form 1099-C, Cancellation of Debt." Internal Revenue Service. "General Instructions for Certain Information Returns." Page 26. U.S. Congress.
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