You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

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 ...

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

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

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 ...

Navigating the complexities of tax reporting can be daunting, especially for freelancers and those with side hustles. The ...

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 ...

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 ...

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) ...

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 ...

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.