Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

The distinctions between the two versions of the Trump tax bill aren't huge, but they could still make a big difference.

This guide details exactly what you need to file with the IRS when working with freelancers and other non-employee providers, explains why it’s important, and offers tips to help you avoid costly ...

Oando Plc has published its audited financial statements for the year ended 31 December 2024, reporting a pre-tax profit of N383.8 billion. This marks a sharp increase of 272.72% compared to the ...

E very year as the tax deadline approaches, people want to know the last-minute things they can do to lower their bill. The ...

You'll receive a 1099-K form if you use a third-party payment service, such as PayPal, Venmo or CashApp, to receive freelance income and you earned $5,000 or more via these platforms in 2024.

Employers have also issued W-2s, which report wages paid to employees. Other types of income, whether from contract work or investment income, get reported via a 1099 form.

As mentioned above, this income used to be reported on the 1099-MISC until 2020. If you've been freelancing for years and no longer receive a 1099-MISC form but receive this one instead, that's why.

In other words, the 1099-DA form does not mean there’s a change in tax code. Nor does it mean you’re going to get away with tax-free gains from virtual assets in 2024.

This information used to be reported on 1099-MISC until the tax year 2019. For more information, see Kiplinger’s report on Understanding Self-Employment Taxes.

1099-MISC: The 1099-MISC form documents varied types of income other than the income types listed with the 1099-NEC, like rents, prizes, awards, fishing boat proceeds, medical and health care ...

When inputting your income, look for sections labeled “1099 MISC.” Enter the payer’s name (State of Minnesota) and the rebate amount as “other income” on the form. Manual Filing: For those who prefer ...