IRS Forms 1099 Can Be Wrong, Here’s What You Can Do About It
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?
Freelance Taxes Don't Have to Be Scary. 5 Tips From a Professional Side Hustler
I was terrified of taxes when I started my first side hustle. I don't know which was worse: the anxiety-fueled dread that ...
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11 Things That You Didn’t Know Were Tax Deductions
Although it's not yet April, it's not too early to start thinking about filing your tax return. There are some tax deductions ...
Thinking of making a statement by not paying your income taxes? This is what that could cost you.
What could that cost an individual? According to an accountant MarketWatch consulted, it would be a lot. To use round numbers, if you had $100,000 in adjusted gross income for 2025 and took the ...
6 Tax Scams and How to Avoid Them
Thieves take advantage of news events and your desire for a big tax refund to steal your identity and your money.
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Tax season: What to know about the 1099-K form Part 1
The Chipmaker Just Sold 4 Popular Artificial Intelligence (AI) Stocks and Bought 2 Others. Haacked Off! HGTV Star Christina Haack De-Lists $4.5 Farmhouse Amid Divorce Battle. Here's How Much Of ...
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Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year
you could write off that interest, she explained. “One of the benefits of the mortgage interest you pay on your house is it can reduce your taxable income if you itemize deductions on your tax return, ...
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Did you know the IRS taxes your bank account? Don’t get caught off guard
“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.
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Maryland comptroller blames printing malfunction for sensitive data sent to wrong addresses
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.
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There Are 22 Types of 1099 Tax Forms. Here's How to Know Which Ones You'll Get
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 ...
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‘Everybody got everybody else’s 1099’: Printing error on tax forms cause distress
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.
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Understanding Your 1099s: A Guide for Retirement and Investment Accounts
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 ...