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 ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at ...

Did you just receive a form called a 1099-K, a form that you never ... Signage is seen at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021.

Granted, the IRS has noted, that all income, no matter the amount, is taxable unless it’s excluded by law whether a Form 1099-K is sent or not. What taxpayers need to know, though, is that ...

If you live outside of the U.S. and didn’t receive Form SSA-1099 or SSA-1042 and can’t get one online, you’ll need to talk to ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

If you earn money on PayPal, Venmo, Cash App or another third-party payment app, the IRS will know about it. Third party payment platforms are required to send you a 1099-K tax form if you made more ...

That information will get reported through IRS Form 1099-K, which is for reporting transactions ... You should report this income on your 1040 Schedule C, Profit or Loss From Business.

The taxation of digital assets continues to be an area of confusion. The Internal Revenue Service has long taken the position ...