You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to the IRS, ask for a “corrected” Form 1099.

If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets more ...

The IRS's new 1099-K reporting rule is more than a tax change; it's a fundamental shift for the gig economy. Explore the ...

The IRS introduces Form 1099-DA, creating the first standardized system for reporting crypto and NFT transactions starting in ...

The IRS will begin processing 2024 tax returns on Jan. 27. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who earned more than $5,000 ...

The threshold for receiving a 1099-K is higher — but that doesn't mean you're off the hook if you don't get one.

Many Americans are bracing for a new reporting change for third-party payment networks like Venmo or PayPal. Starting in 2022, you'll receive Form 1099-K, which reports income to the IRS, for business ...

This tax year millions of independent workers will receive Form 1099-NEC in the mail or electronically — prompting questions of what it is and how to use it for taxes.

If you've accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K in early 2023, which reports income from third-party networks. For 2022, you may receive the form for ...

View post: Amazon is selling $200 AI earbuds for just $40 that translate 198 languages in real time If you are involved in a trade or business and receive payments from other people or entities, these ...