Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...

Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. If you received ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Millions of Forms 1099 are sent out every year. Most arrive in ...

Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up ...

Form 1099-DA is used by brokers to report proceeds from digital asset dispositions to a user and the IRS.

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.

Add Yahoo as a preferred source to see more of our stories on Google. WASHINGTON — The Internal Revenue Service says a special one-time payment of $1,776 sent to about 1.5 million Americans last ...

You should report all income from selling goods or services, regardless of amount, on your tax return.

Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. If you received ...

An envelope from the Internal Revenue Service (IRS) rarely brings good news, but opening that envelope to find a tax bill that exceeds what you can immediately pay can trigger a unique kind of fear.

While most taxpayers get a refund from the IRS when filing income tax returns, some don't. The IRS offers tips and several payment options for those who owe taxes. Tax bill payment: If you get a bill ...

An IRS Installment Agreement is a formal arrangement that enables taxpayers to settle their tax debt over a specified period. This option is tailored for those who do not qualify for debt forgiveness ...