NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...
Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...
What Tax Forms Do I Need to File Taxes? The forms you need to file taxes depend on your financial activities throughout the year. Below are some of the common tax forms organizati ...
NASA’s Mars Sample Return (MSR) mission promises to fill significant gaps in our understanding of the universe and propel humanity forward in a new phase of the space race. Exploring the cosmos ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
You’ll only receive a 1099-DIV from a taxable (nonretirement) account; you won’t get them from your IRAs and 401(k)s, for example. That makes sense when you think about it: Any income that ...
money received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. The payments aren't taxable. Here are some examples of non-business ...
1099-K forms are for business transactions on payment apps If you use multiple apps, you could receive multiple forms Threshold for most states is $5,000 — though some are lower A rule established in ...
The Essential Income REIT’s 2024 distributions to investors were reported as 62.24% nontaxable for federal and state income tax purposes (1099-DIV). The Section 199A deduction for REITs further ...
Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year. But in 2025, that number is expected to soar. The IRS announced the ...
Someone who does a lot of business with a single brokerage account provider may, for example, get a 1099-B (which reports taxable capital gains) and a 1099-DIV (a report of income earned through ...
What Is Form 1040-X, Amended U.S. Individual Income Tax Return? The 1040-X, Amended U.S. Individual U.S. Income Tax Return is a form used by taxpayers who need to ...