Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, $300,000? What should you do?
Thieves take advantage of news events and your desire for a big tax refund to steal your identity and your money.
“If you receive a bonus for opening a new checking account or credit card, expect a Form 1099-INT or possibly a Form 1099-MISC at tax time ... t mean you’re off the hook.
WJZ Investigates saw several of the 1099-G tax forms the Maryland comptroller's office mistakenly sent. The address on the envelope was correct, but inside was another person's information.
Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season ... in a given year will be 1099 income. Examples include someone who lives mostly off of Social Security income (SSA-1099 ...
The workers expected to get 1099-G tax forms reflecting what they were paid. Instead, according to the comptroller’s office, nearly 6,000 people got information belonging to someone else.
Retirement accounts produce what’s known as a 1099-R. Yes, you guessed it – the “R” stands for retirement account. Because retirement accounts are tax-deferred vehicles, the only thing the ...
New research commissioned by tax automation provider Avalara shows 61% of gig economy workers are unaware of recently lowered 1099-K reporting thresholds aimed at capturing unreported online sales ...
New research commissioned by tax automation provider Avalara shows 61% of gig economy workers are unaware of recently lowered 1099-K reporting thresholds aimed at capturing unreported online sales ...
“The reality is, if you've had self-employment or side-gig income, that’s had to go on your tax return since 1913.” Some states have lowered the reporting requirements for a 1099-K even ...
While 61% of respondents claim to be knowledgeable about Form 1099-K and its purpose, an equal 61% do not know that the 1099-K reporting threshold is lower this year and subsequent tax years.
More taxpayers will be bewildered when a 1099-K hits the mailbox this tax season. And the temptation might be to pitch it, which would be exactly the wrong thing to do. This year, taxpayers will ...