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Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...
All substitute forms generated by this 1099-INT software comply with 2013 IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S).
Just because you receive a 1099 tax form doesn’t mean you automatically owe taxes on the income you were paid. You might be able to use deductions or other tax loopholes to eliminate or reduce ...
The rules for 1099-NEC are complex. I do my best to outline them below, but if you would like additional tips and tricks, or you simply learn better when watching video, check out the FREE webinar ...
In other words, a 1099 means you’re liable for self-employment tax. If you received a 1099 form, the IRS also received a 1099 with your income and tax information.
A 1099-INT tax form is a record that a person or entity paid you interest during the tax year. If you earned $10 or more in interest from a bank, brokerage or other financial institution, you’ll ...
Form 1099-R is used to report distributions from annuities, profit-sharing plans, retirement plans, IRAs, insurance contracts, or pensions. Anyone who receives a distribution over $10 should ...
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 ...
Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.