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 ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

This new tax reporting rule should not affect your tax liability. If you earn over $400 in income, you need to report it to ...

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 ...

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

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.

Michelle P. Scott is a New York attorney with extensive experience in tax, corporate, financial, and nonprofit law, and public policy. As General Counsel, private practitioner, and Congressional ...

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