If you work for an employer, you’ll receive a W-2 reporting your wages. But if you do any self-employed or freelance work, you may receive 1099 forms from each of your business clients reporting the ...

IRS Form 1099-K gets a lot of attention each tax season. That’s in part because the 1099-K form is used to report certain payments from payment cards and third-party network transactions.

Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

If you sell stocks, bonds, derivatives or other securities through a broker, you can expect to receive one or more copies of Form 1099-B in January. The 1099-B helps you deal with capital gains ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...

You will receive a 1099-C Cancellation of Debt form if a lender forgives more than $600 of taxable debt. You must include the amount of canceled debt on your federal tax return as a part of your ...

Do you have to have a w9 to issue a 1099? To complete a W-9, you will need the information on the form when you file the 1099 form for all payments you made to the independent contractor. If you pay ...

This is the second time the IRS has delayed implementing the 1099-K $600 tax reporting rule. So, instead, for the 2023 tax year, a previous rule involving a much higher $20,000/200 transaction ...

Form 1099 reports freelance payments, income from investments, retirement accounts, Social Security benefits and government payments, withdrawals from 529 college savings plans and health savings ...