Tax season is well underway, and that means you should have received one or more income statements from employers or any other entities that paid you income in 2024. IRS rules state that all tax ...
The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...
The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers. Republicans on the Senate ...
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 ...
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