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 ...

That makes it possible for IRS collection efforts to be streamlined and automated. Failing to report a Form 1099 on your tax return (or at least to explain it) is likely to get you an IRS notice ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...

That’s mainly because of changes to a federal tax reporting rule that requires third-party payment networks, including apps and online marketplaces, to send a form 1099-K to millions of online ...

Learn more about it. A 1099 tax form documents payments made by sources other than employers. It’s also an information return small businesses and self-employed individuals are required to file ...

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...

The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. • The IRS requires businesses to report payment ...

Do you use PayPal? Get a 1099-K if payments exceed the threshold. Report all sales, pay tax only on profits. No 1099-K? You ...

Sell on Ticketmaster? Get a 1099-K if payments exceed the threshold. Report all sales, pay tax only on profits. No 1099-K?

IRS Form 1099-K gets a lot of attention each tax season. That’s in part because the 1099-K form is used to report certain payments from payment cards and third-party network transactions.

You’re required to report all of your income on your tax return, even if you do not receive a 1099 or W-2 form. You'll receive a W-2 form if you're an employee. The IRS requires your employer to ...

STRIPS provide an alternative form of bond for fixed-income investors who need definite cash flows at specific times. Read ...