For some taxpayers, the majority (or even all) of their earnings in a given year will be 1099 income. Examples include someone who lives mostly off of Social Security income (SSA-1099), investment ...

1099 forms report income received by individuals or businesses that is not from traditional employment, like freelance payments, income from investments, retirement distributions and withdrawals ...

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you received for goods or services during the year. The law was supposed to go into effect in 2022 but was ...

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 ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...