Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...

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 payment ...

You will receive a 1099-C Cancellation of Debt form if a lender forgives more than $600 of taxable debt. You must include the ...

Additionally, early estimates indicated the IRS could have received 30 million more 1099-K forms for the upcoming filing season than in the previous tax year. Many would be for people without a ...

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 ...

If you run a small business and hire independent contractors, understanding the difference between W9 and 1099 forms is ...

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 ...

A Form 1099-MISC is used to report payments made in the course of a trade or business to another person or business who is not an employee. The form is required when payments of $10 or more in gross ...

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.

If you're reselling tickets online for live events like concerts, sporting events, or the theater, receiving a Form 1099-K means you had a busy year! For the 2024 tax year, the IRS plans to ...

The IRS will accept comments until Nov. 6 on a draft form that brokers will use to report certain digital asset transactions.