Last year, the IRS announced a phased rollout of reporting requirements for businesses who receive at least some of their ...

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 ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...

Among these, Form 1099-INT stands out ... Will I get audited if I forgot a 1099-INT? Generally, a single "forgotten" 1099 will trigger a simple CP11 letter from the IRS, telling you that they ...

Self-employed people who send and receive payments using things like PayPal, Venmo and CashApp get a special tax form, called a 1099-K. Usually though, they’d only receive one if they made at ...

So, does that mean you’re a W-2 or a 1099 employee? If you’re an employee, you’ll receive a W-2. And if you’re an independent contractor, you’d receive a 1099 form. Likely, you might be ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...