If you perform services as an independent contractor, then you should receive Form 1099-MISC at the end of the year. This form will tell you who paid you and how much. One copy of the form is sent to ...

Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...

A Form 1099-K reports the gross amount of payment transactions from credit cards, digital payments, and other platforms that manage payments between two parties. — Getty Images/Compassionate Eye ...

What is a Form 1099-MISC? A 1099-MISC is a type of tax form. It is used to report miscellaneous income for individuals and companies who have been paid $600 or more in non-employee service payments ...

Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-NEC, ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...

One law provision new for tax years beginning in 2022 and after that could catch many individual taxpayers by surprise — particularly those in the “gig economy” — is the much lower threshold at which ...

Under a new federal law enacted in 2021 (the “American Rescue Plan” or the “New Law”), Venmo, Pay Pal, Cash App, Etsy, eBay and other e-commerce platforms are now required to send individual users ...

The information reporting form, IRS Form 1099-K (Payment Card and Third-Party Network Transactions), is used to track business payments made through credit or debit card and peer-to-peer services such ...

Even as tax season recedes into the rearview the reality is that the crypto tax conversation never really stops. With the majority of crypto tax concerns focused around complying with forthcoming ...