Independent contractors and others who receive income from sources other than an employer can expect to receive a 1099 instead of a W-2. So, what is a 1099, and how do you use it to file your taxes? Here's everything you need to know about Form 1099, inc
Your 1095-B Form is used to report on your health care coverage and the coverage of your dependents. This tax form serves as verification that you and your dependents meet the minimum health insurance requirements of the Affordable Care Act. Learn about
If you receive a 1099-K form, it generally includes the gross amount of all the reportable payment transactions from the platform (payment settlement entity) . The platform or app you used will send two copies of your 1099-K information. One is for you, so you can prepare your tax return...
You might be thinking, “Not another tax form!” But don’t sweat it: Form W-9 isn’t nearly as complicated as many other Internal Revenue Service (IRS) forms or important tax documents. So let’s take a deeper look at the subject. Key Takeaways A W-9 form is used for taxpayer i...
What Is Tax Form 1099-K? More Getty Images If you receive a Form 1099-K, check the reported information against your records to ensure it’s accurate. You might receive a Form 1099-K for tax year 2023 – and beyond. That's because the America Rescue Plan of 2021 changed the reporting...
What Are Quarterly Taxes? 7 min read Whether you’re totally self-employed or have a lucrative side hustle, you might have to make quarterly estimated tax payments to the IRS. Get all the facts you need to know on quarterly taxes. Ramsey Solutions...
A person’s tax situation can depend on factors like their marital status and income level but there are many other things that can influence it. Maryalene LaPonsieJan. 30, 2025 Inflation Is Impacting Americans As the cost of goods and services increases, consumers change their financi...
A Social Security number is a type of TIN. It allows individuals to seek employment in the United States, to obtain credit with banks and other lenders, and file income tax returns. The Bottom Line A tax identification number (TIN), also known as a taxpayer identification number, is necessa...
Here is a 1099-MISC example so you can see what’s on this important tax form. As the payee, you’ll receive Copy B: On the form, you’ll see the payer’s information, including their address, phone number, and taxpayer identification number (TIN). Your contact information is also the...
A tax Form 1099-INT is a type of Form 1099 issued by US payors to a customer who is a US person that received at least $10 USD in interest during the calendar year. The Form 1099-INT is reported to the US Internal Revenue Service (IRS) and should be used by the individual customer...