If you're among them, you will likely receive Form 1099-K, which reports your gross transactions to the IRS. Understanding Form 1099-K, including verifying its accuracy and using it to properly ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

Internal Revenue Service. "Form 1099-OID, Original Issue Discount." Page 5. Internal Revenue Service. "Instructions for Forms 1099-INT and 1099-OID, Interest Income and Original Issue Discount." ...

Ks, old addresses, and notifications caught in spam lead to frustration. It’s tax day in the U.S., and many taxpayers are making last-minute filings or deciding if they want to file for an extension.

For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income ...

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 ...