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

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere ...

You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to the IRS, ask for a “corrected” Form 1099.

How does the IRS define a crypto broker? The definition of the term “broker” includes individuals or entities that regularly provide services to carry out digital asset transfers. This definition ...