Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...

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.

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Jul 18, 2024, 02:44pm EDT Jul 19, 2024, 09:52am EDT Closeup ...

This tax year millions of independent workers will receive Form 1099-NEC in the mail or electronically — prompting questions of what it is and how to use it for taxes.

A 1099 form is a document that businesses use to report various types of government payments to both the IRS and payees. This includes payments for services, dividends, interest, rents, royalties, and ...

Confused about W-2s and 1099s? Here’s a simple breakdown of how they differ, who gets each form and which one may pay more in the long run.

The IRS, in its release of the draft of the Form 1099-DA for brokers to report digital asset transactions, includes the broad definition of “broker” used in proposed regulations that drew industry ire ...