All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January ...

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

IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...

Direct File is a web-based service that works on mobile phones, laptops, tablets or desktop computers. It guides taxpayers ...

Michigan residents do not qualify this year for Direct File, but other free programs are out there. Did you just receive a ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps and online ...

Did you just receive a new 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. The IRS will ...