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 ...
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 ...
If you have more than $600 of debt forgiven, your lender should send you a 1099-C Cancellation of Debt form. This form is a tax document that the lender is required to file. It will help you determine ...
GREENSBORO, N.C. — 2020 had a lot of ups and downs. If you were: furloughed, laid off had lessened hours and you applied for and received unemployment benefits then you're going to need to make sure ...
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 ...
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 ...
Retirement is a journey, and managing its financial aspects shouldn't be a maze. Enter Form 1099-R, a key document that often puzzles many at tax time. This guide is not just about decoding a tax form ...
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, ...
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 ...
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 ...