You will receive a 1099-C Cancellation of Debt form if a lender forgives more than $600 of taxable debt. You must include the amount of canceled debt on your federal tax return as a part of your ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

A stock photograph of a 1099 Misc tax form. Photographed with the Canon EOS 5DSR at 50mp and the 100mm 2.8 L (IS) lens. Incorrect IRS Forms 1099 are a big tax worry. After all, Forms 1099 generally ...

There are two main types of workers when it comes to income taxes — 1099 contractors and W-2 employees. While W-2 employees ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

Form 1099 is used to report non-employee compensation paid to independent contractors, freelancers, and service providers. Federal regulations require businesses to issue Form 1099-NEC to qualifying ...

Unbelievably, year-end is right around the corner. The first line of business in January 2023 will be to file and issue any necessary Form 1099s. Although I am fairly new to the profession and my role ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

Tax season is officially underway in the United States and according to the Internal Revenue Service, more than 140 million individual tax returns for 2024 are expected to be filed ahead of the ...

Even as tax season recedes into the rearview the reality is that the crypto tax conversation never really stops. With the majority of crypto tax concerns focused around complying with forthcoming ...