Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

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

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

Before 2020, all nonemployee compensation was reported in box 7 on Form 1099-MISC. Form 1099-NEC was resurrected in 2020 to address confusion related to dual-filing deadlines of Jan. 31 and March ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...

All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January ...

On 12/19/24, anticipating the 2025 filing season, the IRS published Tax Preparation 2025 Useful Pointers in IR-2024-311: ...

For this first year, the minimum is $5,000 — so if you earned at least that much via a payment app in 2024, you (and the IRS) should receive a Form 1099-K. Form 1099-K How does the "$600 rule" work?

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 ...