Employers who pay independent contractors for work that is not paid through their payrolls do not take out deductions. The contractors file their own taxes and make the payments. As a result, ...
It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...
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 ...
A variety of 1099 Forms are used to report income to the IRS Fact checked by Vikki Velasquez Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these ...
If you regularly work with independent contractors or vendors, you’ll probably need to send them Form 1099 at the beginning of the year. There are over 20 types of 1099 forms, but fortunately, most ...
If part of running your business involves receiving or making payments of more than $600 for the use or occupation of property that you own, then you are going to need to report that 1099 rental ...
Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. DENVER (KDVR) — Many who received ...
The 2025 tax season will have its quirks, gimmicks and gotchas. But right now anyway, many experts say most people should expect to see a timely tax refund. Fingers crossed. Taxpayers will still need ...
Tax season is officially underway in the United States and according to the Internal Revenue Service, more than 140 million individual tax returns for 2024 are expected to be filed ahead of the ...
Kentuckians who received unemployment benefits in 2020, including more than 600,000 people who filed claims since the start of the COVID-19 pandemic, will need to report their benefits this tax season ...
Illinoisans who received unemployment insurance benefits in 2020 should make sure to file a special form when they complete federal and state tax filings by April 14, state officials say. The reminder ...