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 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 ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...

The 2025 tax season will have its quirks, gimmicks and gotchas. But right now anyway, many experts say most people should expect to see a timely tax refund. Fingers crossed. Taxpayers will still need ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Forms 1099 generally saddle you with income you have to report.

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.

TaxBandits supports the e-filing, submission, and status tracking of Form 1099-DA, the IRS's newly introduced form for digital asset reporting. The company draws on its experience with federal and ...