Employers who pay independent contractors for work that is not paid through their payrolls do not take out deductions. The contractors file their own taxes and make the payments. As a result, ...

A variety of 1099 Forms are used to report income to the IRS Fact checked by Vikki Velasquez Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these ...

Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.

A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...

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 ...

If part of running your business involves receiving or making payments of more than $600 for the use or occupation of property that you own, then you are going to need to report that 1099 rental ...

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ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. Over the years, the IRS has created a vast network of forms.

If you've already filed your tax return, and get a form 1099-C in the mail afterwards, it might mean that you didn't report the correct amount of taxable income. Here's what you need to know about the ...

With record-high inflation in 2022, many Americans took on side hustles to afford the increased costs of living. That included renting out part of their home, selling goods on sites like Etsy, ...

Illinoisans who received unemployment insurance benefits in 2020 should make sure to file a special form when they complete federal and state tax filings by April 14, state officials say. The reminder ...