If this happens, also expect to receive Form 1099-C, since canceled debt is considered income. Form 1099-B documents income from the sale of securities at a brokerage or barter exchange.

Michelle P. Scott is a New York attorney with extensive experience in tax, corporate, financial, and nonprofit law, and public policy. As General Counsel, private practitioner, and Congressional ...

Form 1099-C: Cancelled student loan debt People who had student loan debt canceled or forgiven should watch out for Form 1099-C. This form acknowledges that the government or a financial entity ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

Businesses must meet the February 18, 2025 deadline to furnish recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (Boxes 8 and 10) ROCK ...

You'll include the income you earned that's listed on your 1099-K by filing a Schedule C (an IRS form that reports profits or losses from your business). If you file using online tax software ...

Follow these four Form 1099-NEC preparation tips from PayrollOrg to ensure accurate tax reporting for 2024. For additional tips and resources, visit www.payroll.org. PayrollOrg is the leader in ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...

Did you just receive a new form called a 1099-K, a form that you never ... A self-employed taxpayer who files a Schedule C can use the standard rate to deduct expenses from mileage incurred ...