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 ...

Eric's career includes extensive work in both public and corporate accounting with responsibilities such as preparing and reviewing federal, state, and local tax filings; supporting multinational ...

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-NEC, ...

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 ...

TaxBandits supports the e-filing, submission, and status tracking of Form 1099-DA, the IRS's newly introduced form for digital asset reporting. The company draws on its experience with federal and ...

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.

The IRS has announced a significant update for the 2025 tax season: the introduction of Form 1099-DA for cryptocurrency transactions. This form is a pivotal step in the government's efforts to ...