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2. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/heads-freelancer-small-business...

   Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...

3. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

   www.aol.com/irs-1099-tax-form-explained...

   For anyone running a business, this used to be the most common 1099 form you would receive or file. However, the 1099-MISC has been replaced with the 1099-NEC for independent contractors.

4. Missed adding a 1099 to your tax return? Here’s what could ...

   www.aol.com/missed-adding-1099-tax-return...

   Keep in mind that you are still responsible for reporting 1099 income whether you receive the form or not. That’s why it’s a good idea to keep a running log of all 1099 income throughout the ...

5. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   As of 2015, several versions of Form 1099 are used, depending on the nature of the income transaction. One notable use of Form 1099 is to report amounts paid by a business (including nonprofits) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation). The ubiquity of ...

6. Tax information reporting - Wikipedia

   en.wikipedia.org/wiki/Tax_information_reporting

   Form 1099-MISC reports a variety of payments including rent, crop insurance proceeds, so-called "golden parachute" payments, royalties, payments for medical treatment, income from fish that are sold for cash, and payments for business services. Form 1098 reports interest on a mortgage; Form 1098-T reports tuition and other educational expenses ...

7. Independent contracting in the United States - Wikipedia

   en.wikipedia.org/wiki/Independent_contracting_in...

   In the United States, any company or organization engaged in a trade or business that pays more than $600 to an independent contractor in one year is required to report this to the Internal Revenue Service (IRS) as well as to the contractor, using Form 1099-NEC. This form includes the money paid, contractor's name, social security number ...