When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks, credit unions and other financial institutions, reports interest income ...

There are more than a dozen varieties of the 1099, and the reporting requirements for each differ. Money reported on a 1099 form is generally taxable, but not always. For example, you’ll receive a ...

A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and ...

Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.

What Is Form 1099-OID: Original Issue Discount? Form 1099-OID: Original Issue Discount is an Internal Revenue Service (IRS) form that taxpayers receive if their taxable income for the year ...

Other types of income, whether from contract work or investment income, get reported via a 1099 form. These 1099 forms start hitting your mailbox (and/or email inbox) in January (and even December ...

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

I've been tracking identity theft cases since mid-February involving 1099-K forms in the mail. Those cases have prompted me ...

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.

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...