IRS rules state ... is the W2—a wage and tax statement from your employers—but there’s also an alphabet soup of 1099 forms to watch out for. Maybe you received Form 1099-DIV?
If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms ... payee to ensure accurate tax reporting. While you can view a sample Form 1099-NEC on ...
With the arrival of tax ... to the IRS. However, if you only receive Supplemental Security Income (SSI), you won't receive this form, as SSI payments aren't taxed. Misplacing your SSA-1099 or ...
Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, ...
Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...
If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.
Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting ...
As tax season approaches, ensuring you have all necessary documents is essential for accurate filing. If you receive Social ...
The average federal income tax refund was $2,065 through Feb. 7. The IRS has received fewer returns ... tax advice via social media, a flood of 1099-K forms, political rancor, some delayed ...