Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold. That change ...

If you receive Social Security benefits, you probably know about the SSA-1099 or SSA-1042S tax form. Each January, the Social Security Administration (SSA) mails this document to help you report your ...

and 1099-MISC (Boxes 8 and 10) ROCK HILL, SC / ACCESS Newswire / February 12, 2025 / While January 31st was a key deadline for filing Forms 1099-NEC, W-2, and other 1099 tax forms, many businesses ...

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 ...

Here’s a breakdown of how to handle it: Professional Assistance: If you prefer to have a professional handle your taxes, provide them with the 1099-MISC form you received in the mail, which shows the ...

While Form 1099-MISC is used to report … Continue reading → The post Form 1099-MISC vs. 1099-NEC appeared first on SmartAsset Blog. Form 1099-MISC vs. 1099-NEC: Which Do I Need For Taxes?

Form 1099-MISC vs. 1099-NEC When filling out Form 1099-MISC and Form 1099-NEC, make sure you have the right information for both you and the one who received the payment. You can find relevant ...

Form 1099, whether it's 1099-MISC or 1099-NEC, is not required in all situations. But if you have made $600 or more in miscellaneous payments or payments to contractors, you'll need to take the ...