Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...

Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used. If you received ...

Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up ...

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You should report all income from selling goods or services, regardless of amount, on your tax return.

Add Yahoo as a preferred source to see more of our stories on Google. WASHINGTON — The Internal Revenue Service says a special one-time payment of $1,776 sent to about 1.5 million Americans last ...

Form 1099-DA is used by brokers to report proceeds from digital asset dispositions to a user and the IRS.

Ready to mail your third-quarter estimated tax payment? Mailing addresses for some Forms 1040-ES have changed. Here’s what you need to know about estimated tax payments—and where to mail them. With ...

While most taxpayers get a refund from the IRS when filing income tax returns, some don't. The IRS offers tips and several payment options for those who owe taxes. Tax bill payment: If you get a bill ...

An IRS Installment Agreement is a formal arrangement that enables taxpayers to settle their tax debt over a specified period. This option is tailored for those who do not qualify for debt forgiveness ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Incorrect IRS Forms 1099 are a worry, since Forms 1099 generally ...