You might receive this document if you have freelance work, investment income, retirement distributions or other financial transactions.

Form 1099-B, meanwhile, depicts any capital gains ... By contrast, nonqualified dividends—from REITs and some foreign stocks, for example—are subject to your ordinary income tax rate.

When businesses pay a nonemployee, such as a freelancer or independent contractor, $600 or more in a year, they must file Form 1099-NEC, which is filled out using the information on Form W-9.

Form 1099-K reporting, Social Security, unemployment benefits, filing for an extension, borrowing and making distributions ...

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 ...

If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.

A 1099-K form is a relatively new IRS income tax form ... Some payment processors may issue an erroneous 1099-K. For example, if your friends frequently reimburse you through Venmo for dinners ...

Form 1099-K is a report of payments you got for ... your tax return even if your 1099-K is incorrect, the IRS said. For example, if the taxpayer ID on your 1099-K is incorrect, enter the amount ...