and there's a good chance you've already received one or more 1099 tax forms. But what are they for, and why do you need to pay attention to them? Let's break it down. A 1099 form is used to ...

Keep in mind that you’re not the only one who receives these forms – the IRS is getting copies, too. Here’s everything you need to know about 1099s at tax time. A 1099 is a tax document that ...

A W9 form is filled out by the contractor to provide their tax information to the business. A 1099 form is used by the ...

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 ...

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 ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

Typically, this information gets reported using an IRS tax form called the 1099-K. The Form 1099-K is a reporting form meant specifically for transactions made through third-party network ...

You'll receive tax form 1099-K if you earned more than $5,000 in untaxed income in 2024 and were paid via a third-party payment app. This rule has been delayed two years in a row, and 2024 serves ...