That makes it possible for IRS collection efforts to be streamlined and automated. Failing to report a Form 1099 on your tax return (or at least to explain it) is likely to get you an IRS notice ...

new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. IRS Forms 1099 arrived around the end of January 2023 for 2022 payments. The IRS likes these ...

Anyone who sells goods or services and receives $5,000 or more in funds processed by a third-party processor in 2024 should receive Form 1099-K. New rules that would reduce the threshold to $600 were ...

IRS Form 1099-K gets a lot of attention each tax season ... There is a reporting threshold that triggers a 1099-K. For your 2022 tax return (if you haven't filed yet), that threshold is $20,000 ...