Learn about the IRS 1099 Form: See what it's for, who gets it, how to fix mistakes, the different kinds, and why e-filing makes it easier.
Learn how businesses use tax form 1099 to report payments to independent contractors, and the IRS uses 1099s to track nonemployee compensation.
Form 1099-MISC reports payments other than nonemployee compensation made by a trade or business to others. This article answers the question, "What is the 1099-MISC form?" after the reintroduction of the 1099-NEC.
How do I avoid paying taxes on Form 1099-C? A lender issues Form 1099-C when they cancel or forgive a debt in excess of $600. If you have had debt canceled, that is considered taxable income. However, there are some exclusions and exceptions where canceled debt may not be considered ...
Using Your Form 1099-INT By the end of January each year, the entity paying you the interest income should send aForm 1099-INTunless the interest earned was below $10. While this form has many boxes, box 1 is crucial since that is where you'll find interest income. You...
Using Your Form 1099-INT By the end of January each year, the entity paying you the interest income should send aForm 1099-INTunless the interest earned was below $10. While this form has many boxes, box 1 is crucial since that is where you'll find interest income. You...
Dive into this small business owner guide to understand the difference between payroll tax vs. income tax and how to manage them.
Your provisional income determines whether you’ll have to pay federal income tax on a portion of your Social Security benefits. Key Takeaways Your provisional income is your adjusted gross income plus half your Social Security benefits, plus any tax-exempt income you received over the course of...
What Is Form 1099-R: Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans? Form 1099-R: Distributions From Pensions, Annuities, Retirement, or Profit-Sharing Plans is an Internal Revenue Service (IRS) tax form used for reportingpassive incomeand distributions from retirement pla...
A 1099-MISC form is one of many in the 1099 series and among those commonly used. Taxpayers receive 1099s, including Form 1099-MISC, shortly after the end of the tax year and use the information to report the income that they received. ...