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 ...

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 ...

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 ...

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 ...

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.

One important document is IRS Form 1096—it’s kind of like the cover letter for your 1099 forms when you're mailing in paper versions of the forms to the IRS. It's the required way to summarize ...

But they, in fact, serve different purposes. In this guide, we will walk you through the differences between the W9 and 1099 tax forms, how to use each and where to find them online.