In other words, if you freelanced, were self-employed or had a side gig, your clients should send you a Form 1099-NEC instead of a Form 1099-MISC early next year. » Learn more about what to do with IRS Form 1099-NEC 1099-OID You might receive Form 1099-OID if you bought bonds...
This is a dangerous game to play because the penalties add up quickly when it comes to 1099 mishaps. With that in mind, let’s set a few things straight about 1099s, from determining who gets one to all those pesky “exceptions” to the rules. What is a 1099? A 1099-MISC is ...
Note: The content of this article applies only to taxes prepared for 2010. It is included here for reference only. When two unmarried individuals buy a home together, who gets the $8,000 First-Time Homebuyer Credit? There's only one credit per home, and
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If you need help estimating how income on a 1099 form could affect your tax bill, check out our freetax calculator. Who gets a 1099? People can get a 1099 form for different reasons. For example, freelancers, independent contractors, and other gig workers who fill out aW-9 format the ...
If you received interest income throughout the year, you'll probably receive a Form 1099-INT detailing those payments. Here's what it means and what to do with it. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certa...