The rules for 1099-NEC are complex. I do my best to outline them below, but if you would like additional tips and tricks, or you simply learn better when watching video, check out the FREE webinar ...

How do I know what 1099s to look out for? Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue ...

There Are Many Types of 1099s There are more than a dozen varieties of the 1099, and the reporting requirements for each differ. Money reported on a 1099 form is generally taxable, but not always.

Income documented on a 1099 should be reported on the front page of your tax return, Form 1040. Some types of 1099 income may require completing and attaching additional forms, known as schedules.

Then in 2020, the IRS introduced Form 1099-NEC (non-employee compensation). You’ll issue Form 1099-NEC if you paid any non-employee $600 or more to perform services for your business.

Learn how 1035 exchanges allow tax-free transfers between annuities, life insurance, or endowments. Understand rules, ...

Question from Ruby April 15, 2013 at 10:15am Richard, I received unemployment for 2012 and now cannot locate the 1099 G for tax filing. Is there a way to get those figures on line today so I can ...

Each Form 1099 is matched to your Social Security number, so the IRS can easily spew out a tax bill if you fail to report one. In fact, you’re almost guaranteed an audit or at least a tax notice ...

As with W-2 wage statements, 1099 forms are to be mailed to recipients by Jan. 31. If you don't receive an expected Form 1099 by a few days into February, contact the issuer. If they tell you it's ...

Every Form 1099 includes the taxpayer’s Social Security number and the IRS gets a copy of every one. IRS computers are whirring to match each dollar with your Social Security number.