Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds self-employment tax.
Form 1099-DA is used by brokers to report proceeds from digital asset dispositions to a user and the IRS.
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 ...
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 ...
The threshold for receiving a 1099-K is higher — but that doesn't mean you're off the hook if you don't get one.
1099-B Form 1099-B documents income from the sale of securities at a brokerage or barter exchange. If you sold stock last ...
View post: Amazon is selling $200 AI earbuds for just $40 that translate 198 languages in real time If you are involved in a trade or business and receive payments from other people or entities, these ...
When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks, credit unions and other financial institutions, reports interest income ...
This tax year millions of independent workers will receive Form 1099-NEC in the mail or electronically — prompting questions of what it is and how to use it for taxes.
Many self-employed or freelance workers expect to receive 1099 forms, but few realize that if they were hired to do work and paid more than $600, then they need to send a 1099 form. It is a bit more ...
Illinois IDES releases 1099-G tax forms for 2025 unemployment insurance claimants, providing electronic and mail access plus ...