If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets more ...

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

Self-employed people who send and receive payments using things like PayPal, Venmo and CashApp get a special tax form, called a 1099-K. Usually though, they’d only receive one if they made at least ...

Taxes are complicated. Whether preparing your tax return or filing your tax return, chances are you’re not completely confident in the numbers you’re seeing. But like most Americans, you’ll also be ...

Navigating complex IRS reporting requirements is crucial for modern digital commerce. Review the legislative impact on your ...

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 will ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks, credit unions and other financial institutions, reports interest income ...

Kentuckians who received unemployment benefits in 2020, including more than 600,000 people who filed claims since the start of the COVID-19 pandemic, will need to report their benefits this tax season ...

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. Failing to send a 1099 can have some really nasty implications, so a lot ...