It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

"Don't report both, or you'll be double taxed," said Taylor. She also noted that a 1099-K form reports gross income. Since you likely paid fees to the payment processing platform in order to use ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at ...

Section 6045 of the tax code requires that all gross proceeds paid to an attorney must be reported on a Form 1099, even if the money is not income to the attorney and the attorney is only receives ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

When it’s time to calculate your tax bill, knowing your adjusted gross income (AGI) is a crucial first step. If you file your tax return online (or have your tax preparer do it), you’ll need ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

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

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job.

Granted, the IRS has noted, that all income, no matter the amount ... You pay taxes on a gain, not a loss. And the 1099-K only shows your gross receipts. The number you see on the 1099-K might ...

Forms 1099 showing dividends ... expenses and high out-of-pocket medical bills (above 7.5% of your adjusted gross income) or if you made large charity donations. Need a break?