Instructions on the IRS website detail exactly which payments require which kind of 1099 form. The W-2 forms you make out for your employees give information to both your staff and the IRS ...

If you pay a service provider to perform at least $600 of work for your business during a calendar year, you need to send Internal Revenue Service Form 1099-Misc to that provider before Jan ...

Prior to the American Rescue Plan Act (ARPA) of 2021, Form 1099-K was only required to be issued for third party networks transactions if the total number of transactions exceeded 200 for the year ...

The 1099-R form is required to reflect the previous year’s benefit payments to retirees. In 2022, RRS issued one-time bonus payments misclassified as “non-taxable” in its payroll system.

Proof of your Social Security number will be accepted through one of the following documents: Your W-2 form; Your 1099 form; Your Social Security card; or Your payroll check. Two of these ...