Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

By signing this form, you grant an authorized representative, such as a tax attorney, CPA, or enrolled agent, the ability to manage certain aspects of your tax affairs with the IRS. Since your tax ...

Bank account bonuses are a nice perk, but do you have to pay taxes on them? We examined a recent Reddit thread about how ...

How Do You Report a Bank Bonus to the IRS? In most cases, you'll receive a Form 1099-INT or Form 1099-MISC from your bank or ...

The IRS currently has 21 different versions of Form 1099, but the two primary types you need to know are the 1099-MISC and the 1099-NEC. You need to fill out Form 1099-MISC if you paid more than $ ...

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...

The required forms are: Payments exceeding $600 per calendar year must be reported on IRS Form 1099- MISC. Incentives should not exceed $100 per instance without the required tax information collected ...

“Making tax-free gifts of cash or even other assets ... you may need to issue a Form 1099-MISC instead. “You’re supposed to issue a 1099 after $600 a year in earnings,” Laginess says.

must be included on their tax returns as gross income. All winnings are considered taxable income, whether they’re reported on a Form W-2G, Form 1099-MISC, or Form 1099-K. A business or organization ...

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When plaintiffs ignore or defer to defendants on settlement language classifying settlement proceeds, plaintiffs lose the ...