The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

A Schedule C is not the same as a 1099 form. Although, you may need IRS Form 1099 (a 1099-NEC or 1099-K in particular) to fill out a Schedule C. Schedule C is for two types of businesses ...

For example, if you’re self-employed, you generally report your income from 1099-NEC on Schedule C, Profit or Loss from Business. You typically report information you receive on a 1099-B ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

The IRS has established some reporting rules for income that's received on P2P payment platforms such as Venmo including ...

Recipients of Form 1099-NEC should use the information provided on the form to fill out the appropriate sections on their tax returns. For sole proprietors, report this information on Schedule C ...

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

For example, if you’re self-employed, you generally report your income from 1099-NEC on Schedule C, Profit or Loss from Business. You typically report information you receive on a 1099-B ...

"The place at the top of Schedule 1 to enter incorrect 1099-K information is new," Luscombe said. Tax season opens:Do you have to file taxes? Why you may want to even if you don't. In addition ...