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 ...
The IRS introduces Form 1099-DA for the 2025 tax season, targeting cryptocurrency transactions. This move aims to regulate ...
How Will Form 1099-DA Change Crypto Reporting? Bridging Cryptoasset Reporting Gap with ByAllAccounts Looking Ahead The IRS’ introduction of the new digital asset Form 1099-DA, slated for ...
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.
What Is Form 1099-K: Payment Card and Third-Party Network Transactions? The forms in the Internal Revenue Services (IRS's) 1099 series help taxpayers report monies received from a variety of sources ...
A 1099 form is a document that businesses use to report various types of government payments to both the IRS and payees. This includes payments for services, dividends, interest, rents, royalties, and ...
As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...